Family Foundation Ensures Continuity And Future Success Of Knorr-Bremse

The Thiele family will continue to ensure the continuity and success of Knorr-Bremse through a foundation as its most important anchor stakeholder. Under the terms of Heinz Hermann Thiele's will, the majority stake in the company (59%) held via holding companies will in future be transferred to a family foundation. Another major shareholder in the holding companies continues to be Thiele's daughter Julia Thiele-Schürhoff. The Thiele family will thus continue to be closely associated with Knorr-Bremse.