Knorr-Bremse has completed the acquisition of Kiepe, the electrical systems business unit of German rail technology expert, Vossloh.
“With the acquisition of Kiepe we are taking the logical next step in the successful development of our business,” commented Klaus Deller, Chairman of Knorr-Bremse’s Executive Board – pointing specifically to Kiepe’s experience as a systems supplier for electric buses and the potential to extend it into the commercial vehicle field.
“The main benefits for our customers will be the technological advantages generated by greater sub-system connectivity,” he explained.
“Given the increasing levels of electrification in the commercial vehicle sector, Kiepe opens up new growth opportunities and potential applications in this segment.”
Knorr-Bremse and Vossloh had already signed an agreement governing the acquisition in December 2016 and have now been granted antitrust clearance.