Knorr-Bremse sells Merak HVAC business to OpenGate Capital

Knorr-Bremse signed an agreement to sell its global HVAC business unit Merak to OpenGate Capital. Merak is headquartered in Getafe, Spain, and employs about 1,500 people. Closing is expected by end of 2026.

“Knorr-Bremse signed an agreement with OpenGate Capital to sell its global HVAC (heating, ventilation, and air conditioning) business unit, Merak.”chambers.com

• 1 source
• chambers.comHengeler Mueller advises Knorr-Bremse on sale of global climate control business for trains (HVAC) t | Press Release | Chambers and PartnersAug 8, 2023

Summarized from public sources; check the original articles before acting on it.