Bird & Bird advises Brose Sitech on the acquisition of Proseat including its subsidiaries from Sekisui Kasei

Brose Sitech is a leading manufacturer of seat structures, complete seat systems and vehicle components and specializes in innovative solutions for the automotive industry. Originally founded in Poland, the joint venture between Brose and Volkswagen supplies high-quality seat frames and interior components to brands such as Volkswagen, Audi, Skoda, Seat and Porsche. The company focuses on innovation, quality and global expansion and supplies markets in Europe, South America and Asia.

Proseat Group employs over 1,300 people at six locations: of which three are located in Germany, Spain, Czech Republic and Poland. The well-known specialist for automotive seat foam parts and light weight components made of EPP (expanded polypropylene) supplies its products in Europe to a broad customer portfolio including, amongst others, Volkswagen Group. The items are processed by Brose Sitech in Wolfsburg and Emden.

Sekisui Kasei Co., Ltd. is a leading manufacturer of innovative plastic and foam solutions based in Japan. 

Completion of the acquisition is subject to the merger approval by the EU Commission as well as several other usual closing conditions.

Brose Sitech was advised by the following Bird & Bird lawyers: Partner Dr. Kai Kerger, counsel Johanna Schindler, as well as associate Dr. Matthias Adenauer, LL.M (all Corporate/M&A, Frankfurt), partner Dr. Rolf Schmich as well as counsel Michael Brüggemann (both Tax, Frankfurt), partner Dr. Matthias Lang as well as associate Dr. Tobias Büscher (both Commercial, Düsseldorf), partner Dr. Stephan Waldheim, counsel Dr. Florian Hinderer, as well as associates Tamy Tietze and Gitty Narymany Shandy (all Antitrust, Düsseldorf), partner Dr. Barbara Geck, as well as associates Franziska Fiedler and Henry Nicolai (all Employment, Frankfurt), partner Mascha Grundmann, as well as associate Madeleine Bröcker (both IP/Brands, Frankfurt), partner Dr. Christopher Maierhöfer and associate Jonathan Hechler (both IP/Patents, Munich), partner Dr. Dirk Barcaba, counsel Jürgen Schlinkmann, as well as associate Amelia Weber (all Real Estate, Frankfurt/Munich), as well as partner Dr. Michael Jünemann and associate Nirary Gorges (both Finance & Financial Regulation, Frankfurt), partner Ivan Sagál and counsel Lubomír Brecka (both Corporate/M&A, Prague), partner Rafal Dziedzic and counsel Artur Stosio (both Corporate/M&A, Warsaw), partner Lourdes Ayala and counsel Antonio Ballesteros (both Corporate/M&A, Madrid), partner Carole Bodin and associate Céline Sol (both Corporate/M&A, Paris).