Knorr-Bremse has agreed to sell its UK subsidiaries Knorr-Bremse RailServices and Kiepe Electric to German holding company Mutares. The deal is expected to be closed by the autumn with both businesses to be renamed in the process. Knorr-Bremse said the move is down to a “strategic realignment” of its vehicle services business in the UK. Its focus will now be on its components and...

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