Johnson Controls Inc., one of the world’s top automotive suppliers, has swooped in to acquire one of the top names in automobile seating – Recaro.
JCI has signed a purchase agreement to acquire the German automotive supplier Keiper and the Recaro-brand specialty seat business. Financial details regarding the transaction were not disclosed.
“This acquisition further strengthens our metal components and mechanisms business through the addition of the Keiper and Recaro brands which are synonymous with quality, technical expertise and innovation,” said Beda Bolzenius, Vice President, Johnson Controls and President, Automotive Experience. ”
“It provides leading technologies that we can leverage across our current seat component portfolio, and expand in China and North America,” he said.
Keiper, based in Kaiserslautern, Germany, is a leader in recliner system technology and is renowned for its engineering and manufacturing expertise in metal components and mechanisms. The acquisition will include approximately 4,750 employees globally in seven countries.