PRESS RELEASE : Knorr-Bremse Aktiengesellschaft: Family foundation ensures continuity and future success of Knorr-Bremse

DGAP-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Miscellaneous 
Knorr-Bremse Aktiengesellschaft: Family foundation ensures continuity and future success of Knorr-Bremse 
2021-03-25 / 19:39 
The issuer is solely responsible for the content of this announcement. 
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Press release 
Munich, March 25, 2021 
Family foundation ensures continuity and future success of Knorr-Bremse 
Munich, March 25, 2021 - The Thiele family will continue to ensure the continuity and success of Knorr-Bremse through a 
foundation as its most important anchor shareholder. 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. 
Formally, the holding shares of the deceased will initially be held by his wife Nadia Thiele and transferred to the 
family foundation by virtue of his will. The establishment of the foundation is to be completed by the end of this year 
and implemented by the executor of the will and long-time confidant of Heinz Hermann Thiele, the auditor and tax 
consultant Robin Brühmüller. Until then, the shares will be under execution of the will. Brühmüller: "Heinz Hermann 
Thiele's wish was to secure Knorr-Bremse in the long term. That is precisely what the establishment of the family 
foundation will do." 
"The family foundation safeguards my father's life's work and lays the foundation for Knorr-Bremse's future success 
through continuity and stability," says Julia Thiele-Schürhoff, who has been a member of the Company since 2002 and of 
the Supervisory Board in 2016. She also established and managed the company's sustainability division many years ago. 
Since 2005 she has headed up the non-profit association Knorr-Bremse Global Care e.V. 
The Supervisory Board of Knorr-Bremse welcomes the bequest stipulated in the will. Prof. Dr. Klaus Mangold expresses 
his thanks on behalf of the Supervisory Board: "With this far-sighted decision, Heinz Hermann Thiele posthumously 
underscores his role as one of Germany's outstanding entrepreneurial personalities and secures the basis for the future 
successful development of the company." Speaking on behalf of the Executive Board, Dr. Jan Michael Mrosik said: "The 
decisions taken will continue to ensure stability and continuity at Knorr-Bremse and enable us to successfully pursue 
our course of dynamic and profitable growth in our core strategic areas in the future." 
About Knorr-Bremse 
Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market leader for braking systems and a leading 
supplier of other safety-critical rail and commercial vehicle systems. Knorr-Bremse's products make a decisive 
contribution to greater safety and energy efficiency on rail tracks and roads around the world. About 29,700 employees 
at over 100 sites in more than 30 countries use their competence and motivation to satisfy customers worldwide with 
products and services. In 2020, Knorr-Bremse's two divisions together generated revenues of EUR 6.2 billion. For 115 
years the company has been the industry innovator, driving innovation in mobility and transportation technologies with 
an edge in connected system solutions. Knorr-Bremse is one of Germany's most successful industrial companies and 
profits from the key global megatrends: Urbanization, sustainability, digitalization and mobility. 
Media Relations: Alexandra Bufe, Eva Seifert 
Tel.: [phone], E-Mail: [e-mail] 
Investor Relations: Andreas Spitzauer 
Tel.: [phone], E-Mail: [e-mail] 
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2021-03-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Knorr-Bremse Aktiengesellschaft 
              Moosacher Str. 80 
              80809 Munich 
              Germany 
Phone:        [phone] 
E-mail:       [e-mail] 
Internet:     www.knorr-bremse.com 
ISIN:         DE000KBX1006 
WKN:          KBX100 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Third Market (MTF)) 
EQS News ID:  1178695 
 
End of News   DGAP News Service 
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1178695 2021-03-25

(END) Dow Jones Newswires

March 25, 2021 14:41 ET (18:41 GMT)