Professor Stefan Pischinger, president and CEO of FEV Group GmbH (left), and Tomaso Passaro, co-owner and general manager of Stea S.r.l., at the signing of the contract
FEV Europe GmbH
FEV has acquired Italian company Stea. The development service provider FEV is taking another step towards becoming a complete vehicle developer for future mobility concepts through this acquisition. Stea with locations in Turin and Modena in Italy, as well as in Belo Horizonte in Brazil, is an engineering company focused on vehicle development. With more than 80 employees, Stea offers mechanical and engineering solutions to customers in the automotive sector and in the areas of rail, motorcycles, marine, and mechanical systems.
"The acquisition of Stea is another strategic step in the expansion of our expertise in complete vehicle development. With a focus on packaging, ergonomics and dimensional concept design, Stea offers critical expertise that will complement our portfolio in the future", explains Professor Stefan Pischinger, president and CEO of the FEV Group. "Increasing automation and connectivity are changing user expectations for the functionality and design of future vehicles. Thanks to the additional expertise we have gained, we can now also offer our customers interior and exterior design solutions from a single source."