# Brose Group and Volkswagen form joint venture for vehicle seats

Brose Group and Volkswagen have signed a joint venture agreement to develop and manufacture seats and vehicle interior solutions. Brose will acquire half of Volkswagen's subsidiary SITECH, with each holding 50% stake. The transaction is expected to complete by year-end 2021.

- Type: Acquisition
- Announced: 2021-03-26
- Status: announced
- Products: vehicle seats, seat structures, vehicle interior solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Brose](https://endata.com/companies/379.md) (partner)
- [Volkswagen](https://endata.com/companies/533.md) (partner)
- [Sitech](https://endata.com/companies/42379.md) (target)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news-international/brose-group-and-volkswagen-ink-jv-for-vehicle-seats-78816), 2021-03-26: "Brose Group and Volkswagen inked a joint venture to develop and manufacture seats, seat structures and components along with vehicle interior solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.