Knorr-Bremse agrees to sell train HVAC unit Merak to OpenGate Capital

• Knorr-Bremse agreed to sell its global train HVAC unit Merak to OpenGate Capital, sharpening its portfolio under the BOOST program.
• Merak is expected to generate about EUR 360 million of revenue in fiscal 2026.
• OpenGate will acquire all Merak operations, including about 1,500 employees across Europe, North America, China, and Australia.
• Closing is targeted by the end of calendar 2026, subject to customary conditions and regulatory approvals.
• Knorr-Bremse expects the deal to lift the operating EBIT margin at its Rail division, supporting group profitability.

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