Radial Capital Partners to acquire PowerTech Business unit of Knorr-Bremse.

Radial Capital Partners, a leading private equity firm to acquire the PowerTech business unit of Knorr-Bremse, a leader for braking systems and a leading supplier of other subsystems for rail and commercial vehicles. Financial terms were not disclosed. The business unit includes three companies in Germany – Knorr-Bremse Powertech, Knorr-Bremse Powertech, and Knorr-Bremse Powertech Verwaltungs – as well as Knorr-Bremse Powertech in the United States and other business activities in Australia, Spain and the People’s Republic of China. “In RCP we have found the ideal owner to focus Powertech on its own core business and attain its full potential outside the Group.” Jürgen Wilder, Knorr-Bremse Member of the Executive Board.