# 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.

- Type: Acquisition
- Announced: 2021-03-26
- Where: Germany
- Jobs: 5,200
- Status: announced
- Products: seat components, complete vehicle seats, connected interior components
- 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)

## Sources

- [brose.com](https://www.brose.com/us-en/brose-americas/press/2021/historic-step-for-brose.html), 2021-09-04: "The joint venture concluded between Volkswagen and Brose on 26 March 2021 is of great strategic importance."

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