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USA

Knorr-Bremse divests R.H. Sheppard Co., Inc. to Balmoral RHS Acquisition Corp.

Knorr-Bremse AG (Knorr-Bremse) has sold R.H. Sheppard Co., Inc. (Sheppard) to the US investor Balmoral RHS Acquisition Corp., resulting in a one-time, non-cash, non-operating net loss of approximately EUR 60 million.
The divestment is part of Knorr-Bremse’s BOOST 2026 portfolio optimization program, which aims to inc....

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