German companies join forces to create mega-group in Brazil
A joint venture (JV) made up of 11 German companies in Brazil is developing an international data network which will enable automakers and suppliers to exchange information and standardize the way they place orders and check inventories.
Composed of Volkswagen, Mercedes-Benz, BMW, Bosch, Shaeffler, Siemens, T-Systems, ZF, Henkel, BASF and SAP, the new mega-group intends to create a virtual network that integrates certain operations of the companies and the supply chain. Plans call for eventually integrating small and medium-sized enterprises.
The proposal, which is part of the Catena-X platformed created in Germany, will facilitate the processing of data and improve decision-making within the group.
Although each company will have a 9.1% stake in the group's capital, the activities they will perform have not been defined, according to a document released from local watchdog Cade, which also highlighted that the group will not focus on assets in Brazil during the first three years.