Private investor Rcapital is to acquire GT Emissions Systems, a UK supplier of emission control systems for diesel engines in commercial vehicles and equipment, and a subsidiary of braking systems, rail and commercial vehicle systems manufacturer Knorr-Bremse.
The acquisition is expected to close in Q4 2024.
Founded in 1974, GT is headquartered in Peterlee, with assembly lines in Italy, India and Brazil. The business employs 225 people globally and its customers include Daimler, Volvo, Scania, JCB, MAN and John Deere. GT specialises in “engine air” components which include exhaust throttle valves, exhaust gas recirculation valves and intake throttle valves.
Rcapital’s previous investments in the engineering sector include Bromford Precision Solutions, Trac Precision Solutions, Nasmyth Group and, most recently, FGP Systems. The transaction also marks Rcapital’s eighth corporate carve-out transaction in recent years.
