Volkswagen and Brose form 50/50 joint venture Brose Sitech

Volkswagen and Brose concluded a joint venture agreement on 26 March 2021 to form Brose Sitech, a 50/50 joint venture for seat components, complete vehicle seats and connected interior components. The JV employs 5,200 people at six locations in Germany, Poland and China, generating €1.4 billion in sales.

“The joint venture concluded between Volkswagen and Brose on 26 March 2021 is of great strategic importance.”brose.com

• 1 source
• brose.comPressReleaseBrose MexicoSep 4, 2021

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