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E-Bus Market: Heramba Takes Over Knorr-Bremse Subsidiary Kiepe Electric

The acquisition by the German-American tech investor is expected to be completed in the second half of 2023.

Double-articulated bus with in-motion charging system from Kiepe Electric. (Photo: Kiepe Electric)
Double-articulated bus with in-motion charging system from Kiepe Electric. (Photo: Kiepe Electric)
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von Claus Bünnagel

Heramba GmbH has acquired Kiepe Electric, a subsidiary of Knorr-Bremse. Kiepe develops, manufactures, and implements power electronics products, hardware for electric drives and vehicle control systems, as well as intelligent software for fleet management and energy management. The company is also a specialist in charging solutions and is the leading provider of in-motion charging solutions. In 2022, Kiepe introduced its patented high-power charging platform, enabling fast charging of vehicles and energy management for battery-electric buses. 

About Kiepe Electric

Kiepe Electric employs over 580 people worldwide in six countries. In 2022, the company generated revenues exceeding $120 million. The acquisition of Kiepe Electric by Heramba is expected to be completed in the second half of 2023, subject to the usual closing conditions.

About Heramba 

Founded in January 2023, Heramba GmbH, with headquarters in Berlin and Atlanta (USA), is a specialized company focusing on investments in businesses with technologies and capabilities that can accelerate the decarbonization of commercial transportation. Heramba is led by Dr. Hans-Jörg Grundmann (Managing Director), who previously served as CEO of Siemens Mobility and held other leadership positions at Siemens and AEG.

Translated automatically from German.
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