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Antitrust authorities OK Brose/VW JV
Brose Sitech intends to turn out to be a number one international provider of seat techniques and inside options.
Brose and VW signed an settlement to ascertain a three way partnership final spring. The corporate will work on the event and manufacturing of full seat techniques, seat constructions and parts in addition to related inside elements.
Brose will personal a half curiosity in Volkswagen subsidiary Sitech. Provider and automaker will every maintain a 50% share of the deliberate JV. The events have agreed that Brose will take over the economic administration and consolidate the three way partnership for accounting functions.
Sitech has in depth experience within the improvement, meeting and logistics of full seat techniques. As a number one provider of seat constructions, Brose is bringing its techniques data and years of experience in guide and energy adjusters in addition to consolation parts to the JV.
Brose Sitech needs to broaden the prevailing enterprise with the VW group and be an impartial seat provider for different automobile producers.