Announced
Synopsis
Brose, a firm engaged in the mechatronic systems and drives for automobiles, agreed to acquire a 50% stake in SITECH, a firm that develops and manufactures car seats and seat structure components, from Volkswagen, a multinational automotive company. Financial terms were not disclosed. Brose and SITECH are bundling their expertise in the new company and preparing for future developments in the market for vehicle seats and interior solutions. Current trends such as e-mobility, cross-system connectivity and autonomous driving are changing the requirements for tomorrow’s interiors. The vehicle interior is developing into a mobile living space that blends conventional demands on comfort and safety with new, flexible and personalized design options.
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