# 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.

- Type: Acquisition
- Announced: 2023-08-08
- Where: Getafe, Spain
- Jobs: 1,500
- Status: announced
- Products: HVAC systems for trains
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Knorr-Bremse](https://endata.com/companies/7696.md)
- [OpenGate Capital](https://endata.com/companies/19786.md) (acquirer)
- [MERAK](https://endata.com/companies/49735.md) (target)

## Sources

- [chambers.com](https://chambers.com/articles/hengeler-mueller-advises-knorr-bremse-on-sale-of-global-climate-control-business-for-trains-hvac-t), 2023-08-08: "Knorr-Bremse signed an agreement with OpenGate Capital to sell its global HVAC (heating, ventilation, and air conditioning) business unit, Merak."

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