# Knorr-Bremse acquires majority stake in Cojali

Knorr-Bremse signed a contract to acquire a 55% majority stake in Cojali, a Spanish developer of multi-brand diagnostics equipment and components for commercial vehicles. The transaction is subject to antitrust approval.

- Type: Acquisition
- Announced: 2022-06-01
- Where: Spain
- Value: $210.0M (200.0M EUR)
- Status: announced
- Products: multi-brand diagnostics equipment, remote diagnostics, predictive maintenance
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Knorr-Bremse](https://endata.com/companies/7696.md) (acquirer)
- [Cojali](https://endata.com/companies/63493.md) (target)
- [COJALI S.L.](https://endata.com/companies/65345.md) (target)

## Sources

- [cojaliparts.com](https://www.cojaliparts.com/en/news-events/380/cojali-s-l-is-committed-to-knorr-bremse-as-strategic-partner-to-promote-the-growth-and-development-of-the-company-turning-the-german-company-into-the-majority-shareholder-of-the-company/), 2022-06-15: "With Knorr-Bremse, we now have the ideal partner at our side, as well as the Group's extensive network."
- [iberianlawyer.com](https://iberianlawyer.com/dla-piper-advises-knorr-bremse-on-the-acquisition-of-a-majority-stake-in-cojali/), 2022-06-15: "We are delighted to be able to help Knorr-Bremse in its strategic M&A operations."
- [lectura.press](https://lectura.press/en/article/cojali-s-l-makes-knorr-bremse-the-majority-shareholder-of-the-company/58592), 2022-07-05: "With Knorr-Bremse, we now have the ideal partner at our side, as well as the Group’s extensive network."
- [newsroom.knorr-bremse.com](https://newsroom.knorr-bremse.com/en/knorr-bremse-takes-diagnostics-and-maintenance-management-for-commercial-vehicles-to-a-whole-new-level/), 2022-09-16: "In June 2022, aiming to expand the company’s presence in the field of digital, data-driven aftermarket solutions, Knorr-Bremse signed an agreement to acquire a majority stake in Spanish company COJALI S.L."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.