TMD Friction develops and manufactures friction materials in two locations in Europe: in Coswig, Germany, and Manchester, Britain.
The acquisition is part of Knorr-Bremse's long-term strategy to expand its expertise in train braking. In 2008 it purchased Anchor Brake Shoes, a leading North American locomotive and freight wagon brake shoe manufacturer. In 2010, Knorr-Bremse formed a joint venture with Icer Rail to add organic brake pads and shoes which comply with European UIC standards to its product portfolio.
"Through the acquisition of the rail transport activities of TMD Friction we are strengthening both our market position and our know-how in friction materials," says Mr Klaus Deller, Knorr-Bremse's executive board chairman. "Being able to develop braking systems and friction materials from start to finish will help us further improve the braking effect, reduce noise and cut life cycle costs."