Knorr-Bremse Aktiengesellschaft agreed to acquire tedrive Steering Systems GmbH from Steering Systems Beteiligungsgesellschaft mbH and others on June 1, 2016. As per the terms of agreement Knorr-Bremse Aktiengesellschaft will acquire 100% of shares of tedrive Steering Systems GmbH. The transaction is subject to approval by antitrust authorities. The transaction is expected to close this summer. Claus Buhmann, Alexander Simbürger and Alexander Euchner of Ebner Stolz acted as accountants for Knorr-Bremse. Carsten Flaßhoff, Jan Streer, Konstantin von Werder, Sabine Krause, Ana Elisa Bruder, Stefanie Skoruppa and Sören Pruß of Mayer Brown acted as legal advisors for Knorr-Bremse.