US giant snaps up Stratos Seating

New owner CVG hails expansion into Australian truck and military market

By Rob McKay | July 28, 2011

Leading US vehicle interiors firm Commercial Vehicle Group (CVG) has bought Australian light truck seat maker Stratos Seating for US$2.3 million ($2.08 million), the American company said yesterday.

Stratos manufactures the Light Truck Suspension Seat for vans and smaller trucks, along with supplying
seating to
the Australian military, marine
and specialty vehicle markets.

Stratos Managing Director Gordon Lewis says his firm was doing well and the deal represents an opportunity for both sides.

"It’s not something I had to do - it was something that was appropriate to do," Lewis tells ATN.

Under the terms of the deal, he will remain at the company for three years.

CVG supplies the US and international heavy-duty truck, construction and agriculture markets and the specialty and military transportation markets.

Its products include static and suspension seat systems, electronic wire harness assemblies, controls and switches, structures and components, interior trim, and commercial vehicle mirrors and wiper systems.

"This acquisition not only expands our Australian presence in the military and truck markets, but also enhances our overall product offering with the addition of the unique Stratos suspension system and military seating products," W Gordon Boyd, President of Commercial Vehicle Group’s Seating Systems Group, says.

"Stratos is yet another positive step in our global expansion and diversification strategy and we are excited to move forward with Stratos and all of their employees and customers."

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