Recaro Automotive is a serious provider of automotive seats, significantly for efficiency purposes. Nevertheless, the German firm bumped into onerous instances earlier this yr, together with submitting for chapter safety in July.
Quick ahead to right now, and a brand new investor has stepped in and plans to take management of the corporate. As first reported by Piston Heads on Dec. 4, an Italian automotive provider named Proma Group has signed an funding settlement with Recaro Automotive to take over the corporate and restart manufacturing by early subsequent yr.
As a part of the transition interval, Proma Group will retain a number of staff from the unique gross sales and know-how departments at Recaro Automotive’s headquarters in Kirchheim unter Teck, Germany. Recaro Automotive reportedly has 215 staff on the German website, which features a plant.
Proma Group can also be a serious producer of automotive seats and operates 26 vegetation spanning three continents, and the corporate is predicted to maneuver a few of Recaro Automotive’s manufacturing to vegetation in Italy.
The Proma acquisition leaves Recaro’s North American and Japanese operations unaffected. Recaro’s different divisions, together with these answerable for seats for plane, workplace, and gaming use, in addition to child seats, are additionally unaffected.
“Our funding in Recaro Automotive will strengthen our skill to ship a premium seating product whereas embracing probably the most cutting-edge improvements within the automotive sector,” Luca Pino, Proma Group’s CEO, stated in a press release.
