Knorr-Bremse Prepares for IPO

German brake maker Knorr-Bremse has been in business since 1905, but shares are going public for the first time.

Last year, Knorr-Bremse had $7.2 billion in revenue. It controls a large share of the market in pneumatic commercial and train brakes. With almost 30,000 employees divided between 30 facilities, the company has a global reach. In the United States, its major brands include Bendix and New York Air Brake.

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Ben Nussbaum
Ben Nussbaum

Ben Nussbaum, Chief Content Officer of The Brake Report, has more than 20 years experience in publishing. He was the founding editor for USA Today's line of special interest magazines and the founding editor for i5 Publishing's newsstand one-off magazine program. He lives outside Washington, D.C. Email him at [email protected].