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The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint venture. The parties have agreed that Brose will take over the industrial leadership and consolidate the joint venture for accounting purposes. The transaction is still pending antitrust law approvals and other standard closing conditions.

Media contacts

Katja Herrmann
Brose Fahrzeugteile SE & Co. KG, Coburg | Head of External Communications
Tel. +49 (0) 9561 – 21 3430
Ariane Kilian
Volkswagen Group Components | Head of Communications
Tel. +49 (0) 5361 / 9-975792
Marta Skowrońska
SITECH Sitztechnik GmbH | External Communications
Tel. +48 795 160 922