Recaro completed the acquisition of Growag.

Recaro, a seating company, completed the acquisition of Growag, a designer and manufacturer of interior fittings for rail vehicles, focusing primarily on carriage seating for short and long distances. Financial terms were not disclosed. “I am very proud of this very strategic milestone for Recaro by further expanding our expertise. It continues building on our company’s DNA of long-term sustainability and investing into a business with significant growth on a global level. All-in-all, this investment is a logical continuation of our business expansion, and I warmly welcome Growag to the Recaro family," Mark Hiller, Recaro CEO.