# Proma Group invests in Recaro Automotive Germany

Proma Group has signed an investment agreement to take over Recaro Automotive GmbH in Germany, allowing operations to continue and relaunch across Europe in January 2025.

- Type: Acquisition
- Announced: 2024-12-04
- Where: Kirchheim unter Teck, Germany
- Status: announced
- Products: automotive seating
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Proma](https://endata.com/companies/42167.md) (acquirer)
- [Recaro Automotive](https://endata.com/companies/81540.md) (target)

## Sources

- [recaro-automotive.com](https://www.recaro-automotive.com/en/recaro/press-media/press-releases/recaro-automotive-germany-receives-new-investor-proma-group), 2024-12-04: "Proma Group has signed an investment agreement with Recaro Automotive GmbH in Germany to take over business and have begun the transition period."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5280939/proma-group-acquires-recaro-automotives-operations-in-germany), 2024-12-10: "On Dec. 4, 2024, Proma Group, an Italy-based automotive supplier, signed an investment agreement with Recaro Automotive GmbH to acquire its struggling business in Germany."

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