The German brake manufacturer Knorr-Bremse has sold the Düsseldorf-based supplier Kiepe Electric to the Berlin investment firm Heramba. Nicolas Lange, a member of the executive board of Knorr-Bremse, described Kiepe as an “efficient and dynamic business unit,” but that ultimately “only limited synergies” had been realized. The sale was finalized at the end of January. The price was not disclosed. Heramba is acquiring all of Kiepe’s business and 550 employees. Munich-based Knorr-Bremse will retain a 15% stake in Kiepe’s capital.