Thiele Foundation Anchors Knorr-Bremse, Vossloh

The Heinz Hermann Thiele family foundation has officially acquired majority shares in Knorr-Bremse AG and Vossloh AG. This significant move ensures the continuity of Thiele’s entrepreneurial legacy and establishes a stable foundation for future growth. The acquisition follows Thiele’s last will and testament, marking a pivotal moment in the companies’ histories.

Key Highlights:

Acquisition Details:
- The foundation now holds 58.99% of Knorr-Bremse AG and 50.09% of Vossloh AG, solidifying its position as the anchor shareholder.
Legacy Fulfillment:
- Shares were transferred through a legacy fulfillment contract involving Nadia Thiele, widow and heir, and Robin Brühmüller, the executor.
Foundation Mission:
- Established in 2023, the foundation aims to safeguard Thiele’s entrepreneurial achievements and ensure a stable environment for sustained growth.
Leadership Structure:
- Operational management is led by a three-member board, including Stephan Sturm (Chairman), Robin Brühmüller, and Julia Thiele-Schürhoff.
- The board of trustees includes Dr. Hans-Ulrich Engel (Chairman), Prof. Dr. Stephan Schauhoff, Dr. Alexander Stupp, and Dr. Lorenz Zwingmann.

Stephan Sturm, Chairman of the board of management for the foundation, stated, “As a result of the transfer of the shares, we – as a foundation – can now fulfill our mission of securing the long-term future and continued success of Heinz Hermann Thiele’s lifetime entrepreneurial achievements. In our role as anchor shareholder, we will continue, in his spirit, to ensure for both companies a stable environment geared towards sustained growth.”

This transition reflects the foundation’s commitment to honoring Thiele’s legacy while positioning Knorr-Bremse and Vossloh for sustained success. With its robust leadership and clear mission, the Heinz Hermann Thiele family foundation is poised to play a pivotal role in shaping the future of these two prominent companies.

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