Case details

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Merger control
Case reference
Ccent/2026/69 - Helix / Knorr-Bremse
Acquiring
Helix Intermediate Holdings S.à.r.l.
Description
Helix is ??a special purpose vehicle formed for the purposes of this transaction and indirectly owned by Fund III, one of the funds managed by OpenGate Capital. OpenGate Capital Group is a global investment capital firm incorporated under the laws of Delaware, United States. It specializes in business spin-offs, secondary transactions, and acquisitions of businesses with untapped potential.
Acquired
Knorr-Bremse España, S.A.U.
Description
A company that carries out engineering, manufacturing and after-sales activities in the field of rolling stock, mining, non-combatant defense (“MID”) and heating, ventilation and air conditioning systems (“HVAC”), marketed under the brands “MERAK” for rolling stock HVAC and “SIGMA” for MID HVAC. In Portugal, KB is dedicated to supplying railway climate control systems to rolling stock manufacturers and providing railway after-sales services associated with this activity.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

This merger consists of the acquisition, by Helix Intermediate Holdings S.à.r.l. (“Helix”), of sole control over Knorr-Bremse España, S.A.U. (“KB”).

Timeline
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