Knorr-Bremse and WESP-Group establish joint venture

  • Next milestone toward a holistic, efficient, and reliable commercial vehicle aftermarket ecosystem
  •  Focus on data-driven benchmarking to increase efficiency for workshops
  •  Knorr-Bremse holds majority stake in joint venture headquartered in Germany

Knorr-Bremse Systeme für Nutzfahrzeuge GmbH and Dutch company WAGH B.V. (WESP-Group) are deepening their partnership and founding the joint venture WESP CV. The aim of the new joint venture is to further advance the development of digital services for the commercial vehicle industry. The focus here is on data-supported comparison of commercial performance indicators of workshops to individually increase the efficiency of participating companies. Knorr-Bremse and WAGH B.V. will hold 51% and 49% stakes respectively in WESP CV, which will be based in Germany.

Alexander Wagner, Vice President Global Aftermarket/TruckServices, Knorr-Bremse Commercial Vehicles: “The founding of WESP CV marks the next milestone toward a holistic and efficient commercial vehicle aftermarket ecosystem. The joint venture combines WESP’s expertise in digital services for workshops with Knorr-Bremse’s expertise in the commercial vehicle market. We want to support commercial vehicle workshops with data-based consulting services, helping them to identify operational efficiency potential, enable data-based decisions, and exploit previously untapped business opportunities or potential for improvement. This extensive database will not only support commercial vehicle workshops, but also other market participants and industry partners in gaining deeper transparency about market potential and product field data.”

Bas Wintjes, Managing Director von WAGH B.V.: „In the past months, we have consistently aligned our tools with the key KPIs of the truck, trailer, and bus market. One thing has become clear: the fundamental principles remain the same – benchmarking against others enables workshops to achieve targeted improvements. In today’s environment, where it is becoming increasingly difficult to find skilled staff, it is more important than ever to ensure that workshop employees can work efficiently. Data-driven predictive maintenance solutions will play a central role in the future. Particularly valuable is the collaboration between manufacturers, distributors, and workshops: a strong data ecosystem gives all stakeholders the opportunity to measurably enhance their performance. The partnership with Knorr-Bremse is an important step in the further internationalization of WESP-Group. We look forward to combining Knorr-Bremse’s market expertise with our proven, practice-oriented tools.”

About Knorr-Bremse

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other innovative solutions for the rail and commercial vehicle industries. Knorr-Bremse products make a decisive contribution to improving safety and energy efficiency on rail tracks and roads around the world. About 30,500 employees at over 100 locations in 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2024, Knorr-Bremse’s two divisions together generated global revenues of around EUR 7.9 billion. For 120 years, the company has been an industry-leading innovator, driving developments in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and benefits from the key global megatrends: urbanization, sustainability, digitalization, and mobility.

https://newsroom.knorr-bremse.com/en/knorr-bremse-and-wesp-group-establish-joint-venture/