Hengeler Mueller advises Knorr-Bremse on acquisition of Electrical Systems division from Vossloh
The Knorr-Bremse Group ("Knorr Bremse") is acquiring Vossloh Kiepe – the Electrical Systems unit of Vossloh AG. The two companies have signed an agreement to this effect. With this acquisition, Knorr Bremse is adding state-of-the-art drive technology for rail and commercial vehicles to its portfolio. Closing of the transaction is subject to approval by the anti-trust authorities and is expected in the first quarter of 2017.