Knorr-Bremse plans to acquire the joint venture ICER Rail in its entirety. Through this move, Knorr-Bremse is extending its position in the field of friction materials –an important, technically demanding part of the braking system. The parties have agreed to treat the purchase price as a confidential matter. The acquisition is subject to approval by the anti-trust authorities.
“The complete acquisition of ICER Rail is the next logical step for Knorr-Bremse in our rail friction materials strategy. Being able to develop braking systems and friction materials from start to finish helps us to further improve the braking effect, cut life cycle costs and reduce noise, benefiting our customers and the environment,” Klaus Deller, Chairman of the Executive Board of Knorr-Bremse AG said.
ICER Rail was founded in 2010 as a joint venture between the Spanish Berkelium Group and Knorr-Bremse. In Pamplona, Spain, the company develops and produces innovative friction materials for almost all railway applications.
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