# Heramba Electric to acquire Kiepe Electric from Knorr-Bremse

Heramba Electric announced it had entered into a definitive agreement with subsidiaries of Knorr-Bremse to acquire Kiepe Electric, a leader in electrification of urban transportation. The acquisition is expected to close in Q4 2023.

- Type: Acquisition
- Announced: 2023-10-03
- Where: Germany
- Status: announced
- Products: power electronics, electric drives, vehicle controls, fleet management software
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Knorr-Bremse](https://endata.com/companies/7696.md) (partner)
- [Kiepe Electric](https://endata.com/companies/43442.md) (target)
- [Heramba Electric](https://endata.com/companies/73016.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1847241/000101376223000747/ea186174ex99-1_project.htm), 2023-10-03: "Heramba Electric announced in August 2023 that it had entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric."

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