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Europe

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Brose Sitech has been operating on the global market as an independent supplier of seat systems since January 1, 2022. The cooperation partners Brose and Volkswagen each hold a 50 percent stake in the joint venture.

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AEQUITA has reached a binding agreement with the shareholders of the IFA Group about the complete takeover of the company. IFA is a globally leading specialist in drive shafts headquartered in Haldensleben (Germany).

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Toyota Motor Manufacturing Czech Republic (TMMCZ) has started production of Yaris – The Car of the Year 2021 – at its manufacturing plant in Kolin.

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Adler Pelzer Group (“APG”) announces to have closed the process of acquisition of Faurecia Acoustics and Soft Trims (AST), after all clearances by relevant merger control authorities have been received.

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Europe’s industry associations European Aluminium, Eurofer, ACEA, Eurometaux, industriAll Europe, ECCA, ESTAL, IMA, EUWA, EuroAlliages, CLEPA and Metals Packaging Europe have today issued an urgent call for action against the imminent risk of Europe-wide production shutdowns as a consequence of a critical shortage in the supply of magnesium from China.

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BEWI ASA, the owner of BEWiSynbra Group AB and a leading provider of packaging, components, and insulation solutions, today announces that the company has entered into an agreement to acquire a majority stake of the listed Polish company IZOBLOK, a leading European provider of Expanded Polypropylene (EPP) components to the automotive industry.

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Ford confirmed today that it will invest $300 million to build a new light commercial vehicle in 2023 at its Craiova Assembly Plant in Romania, including an all-electric version due to debut in 2024 - the first all-electric Ford volume vehicle to be built in Romania.

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SK IE Technology Co., ltd. belonging to the SK Group announces another investment in Poland.