Bundeskartellamt clears acquisition of minority stake in Vossloh AG by H.H. Thiele (Knorr-Bremse AG).

20.03.2012

Following in-depth investigations, the Bundeskartellamt has cleared the acquisition of a minority stake in Vossloh AG by the chairman of the supervisory board and principal shareholder of Knorr-Bremse AG, Heinz Hermann Thiele.

Knorr-Bremse AG, Munich, is a component supplier to the railway industry and manufactures braking systems, air conditioning systems, doors and other components for the railway sector. Vossloh AG specializes in railway technology (rail fastening systems, switch systems) but also produces electrical systems for trams (components of the drive train, air conditioning systems etc.), diesel locomotives and, to a small extent, lightweight rail vehicles.

President Andreas Mundt stated: "Knorr-Bremse has a very strong position in the market for braking systems for rail vehicles. Therefore, the Bundeskartellamt has thoroughly examined the concentration from different perspectives. Ultimately, however, the project did not give any substantial cause for concern about competition in this sector." Logo: Offene Märkte | Fairer Wettbewerb

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