# 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.

- Type: Acquisition
- Announced: 2022-10-27
- Where: China
- Value: $5.00M (5.00M EUR)
- Status: completed
- Products: e-motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Knorr-Bremse](https://endata.com/companies/7696.md) (investor)
- [Shanghai Bobang Automotive Technology](https://endata.com/companies/66155.md) (target)

## Sources

- [newsroom.knorr-bremse.com](https://newsroom.knorr-bremse.com/en/knorr-bremse-invests-in-the-chinese-e-motor-specialist-bobang-and-strengthens-the-partnership/), 2022-10-27: "By investing in Bobang, we’re pursuing sustainable development through our bolt-on M&A strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.