- Business
- Grammer AG develops and manufactures components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles, trucks, buses, and trains; in its Automotive division, the company supplies headrests, armrests, center consoles, high-quality interior components, operating elements, and thermoplastic solutions to automotive original equipment manufacturers (OEMs) and system suppliers; in its Commercial Vehicles division, it produces ergonomic seating systems including driver and passenger seats for agricultural and construction machinery, forklifts, and railway applications. The company operates two main divisions, Automotive and Seating Systems (previously referred to as Commercial Vehicles), with more than 48 production and distribution sites across 20 countries, primarily generating revenue in the EMEA region followed by Americas and APAC; it serves global OEMs in the automotive and commercial vehicle sectors, emphasizing ergonomics, safety, comfort, and sustainability through innovative designs and lightweight materials. Founded in 1880 as a saddlery in Amberg and listed on the Frankfurt Stock Exchange (ticker: GMM.DE), Grammer AG maintains headquarters in Ursensollen, Germany. Recent developments include securing long-term financing through two new syndicated loans totaling EUR 260 million in December 2024; implementing restructuring measures under the TOP 10 program, which have boosted profitability with operating EBIT rising significantly in early 2025 despite revenue declines amid macroeconomic challenges; launching the New Regio passenger seat at InnoTrans in September 2024 and planning new driver seats for bauma 2025; and the departure of Executive Board member Thomas Strobl in June 2025.