# Heramba acquires Kiepe Electric from Knorr-Bremse

Heramba GmbH has completed the acquisition of Kiepe Electric GmbH and Kiepe Electric, LLC from Knorr-Bremse. Kiepe Electric manufactures electrical traction equipment for trams and trolleybuses, with 550 employees and revenues over €140 million.

- Type: Acquisition
- Announced: 2024-02-13
- Where: Düsseldorf, Germany
- Status: completed
- Products: electrical traction equipment for trams and trolleybuses, air-conditioning and heating systems, conveyor device components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Knorr-Bremse](https://endata.com/companies/7696.md) (partner)
- [Kiepe Electric](https://endata.com/companies/43442.md) (target)
- [Heramba](https://endata.com/companies/72125.md) (acquirer)

## Sources

- [sgrlaw.com](https://www.sgrlaw.com/newsroom/publications/smith-gambrell-russell-advises-heramba-on-successful-completion-of-the-acquisition-of-kiepe-electric-from-knorr-bremse), 2024-02-13: "The SGR legal team included Dr. Stefan Buske, a Partner in the Corporate Practice Group located in the Firm’s Munich office, and Thomas Hong, Head of the Firm’s Corporate Practice Group located in the Atlanta office."

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