Knorr-Bremse to sell UK rail services businesses

Knorr-Bremse is to sell its Knorr-Bremse RailServices (UK) Ltd and Kiepe Electric Ltd (UK) businesses to Mutares.

UK: Knorr-Bremse has signed an agreement to sell its Knorr-Bremse RailServices (UK) Ltd rolling stock maintenance and overhaul businesses and consultancy and project management company Kiepe Electric Ltd (UK) to Mutares. The transaction is expected to close by autumn 2018.

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