Knorr-Bremse says it has stopped pursuing a potential acquisition of a majority stake in Hella.
Following what the supplier describes as “careful analysis,” the executive board determined the possible transfer of key technologies and products to its own product portfolio would not result in the realisation of expected synergies.
Go deeper with GlobalData
Knorr-Bremse maintains the primary focus remains organic growth and it continues to explore opportunities to increase the value of the company through acquisitions or partnerships.
“We have always considered opportunities for value-enhancing transactions with leading international companies, which is why we looked at Hella,” said Knorr-Bremse CEO, Jan Mrosik.
“However, we did not see the necessary synergies in the potential transfer of competencies, particularly in the commercial vehicle sector. As a result, we determined this acquisition would not create sufficient additional value for our shareholders.”
“Knorr-Bremse has a clear strategy based on profitable growth and a resilient business model. We will continue on our path of sustainable growth as a successful leading system supplier in the future.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
