Wednesday, December 04, 2024

a new investor has stepped in and plans to take control of Recaro seat company, Italian Proma Group will take over Recaro GmbH; production to resume across Europe in January

Proma Group has signed an investment agreement with Recaro Automotive GmbH to ‘take over business and have begun the transition period.’ Nobody is hanging around, either, as Proma believes relaunch could happen as soon as January. 

Furthermore, its press release has suggested that several of the Stuttgart employees in Sales and Tech will be retained; helps those folk out with a job back, and benefits them with a ‘more seamless transition of support to meet customer needs.’ 

Training new people will take forever, which would clearly be suboptimal given the urgency of the announcement, so good news all round. The Proma acquisition leaves Recaro’s North American and Japanese operations untouched.


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