# Proma Group invests to rescue Recaro Automotive from bankruptcy

Proma Group signed an investment agreement to take over Recaro Automotive, rescuing the seat maker from bankruptcy. Recaro will relaunch in Europe in January 2025, with OEM production moving to Italy.

- Type: Investment
- Announced: 2024-12-05
- Where: Germany
- Starts operating: Jan 2025
- Status: announced
- Products: automotive seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [caranddriver.com](https://www.caranddriver.com/news/a63106860/recaro-seats-saved-bankruptcy/), 2024-12-05: "Our investment in Recaro Automotive will strengthen our ability to deliver a premium seating product."

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