Knorr-Bremse invests in Chinese e-motor specialist Bobang for minority stake

Knorr-Bremse has signed investment and cooperation agreements with Chinese e-motor supplier Shanghai Bobang Automotive Technology, acquiring a minority stake of about 13% for a mid-single digit million euro amount. The transaction closed on October 19, 2022.

“By investing in Bobang, we’re pursuing sustainable development through our bolt-on M&A strategy.”newsroom.knorr-bremse.com

• 1 source
• newsroom.knorr-bremse.comKnorr-Bremse invests in the Chinese e-motor specialist Bobang and strengthens the partnershipOct 27, 2022

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