# Brose and Volkswagen sign joint venture agreement for seats and interiors

Brose Group and Volkswagen AG signed an agreement to establish a joint venture for complete seats, seat structures and interior solutions. Brose will acquire 50% of Volkswagen subsidiary SITECH, with Brose taking industrial leadership. The transaction is pending antitrust approval.

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

## Companies

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

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/en/press-releases/brose-and-volkswagen-ag-sign-joint-venture-agreement-16749), 2021-03-26: "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."
- [mexicobusiness.news](https://mexicobusiness.news/es/automotive/news/sitech-nueva-empresa-conjunta-de-brose-y-volkswagen), 2021-04-20: "Brose Group, proveedor automotriz, y Volkswagen AG han firmado un acuerdo para crear una empresa conjunta."

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