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ARES MODENA IS THRILLED TO ANNOUNCE PROMA GROUP AS OUR NEW EQUITY PARTNER

August 2023

Proma Group, a leading player in automotive component manufacturing, specializes in seat structures, chassis, crash systems, and suspensions.

Through strategic acquisitions, Proma has ventured into the luxury and premium automotive sectors, aligning perfectly with our diversification strategy.

This partnership marks a significant step in the growth and consolidation of the ARES brand, both nationally and internationally. The collaboration will unlock synergies between our competencies, enabling us to deliver innovative solutions of the highest quality to our automotive clients, reinforcing ARES as an industry leader.

Alfredo Altavilla, ARES shareholder and Board Member, expressed excitement, stating, "Proma's expertise offers us new growth opportunities and fosters the development of groundbreaking products, strengthening our position as a sector leader."

Luca Pino, Proma Group's CEO, shared the sentiment, "Our partnership with ARES is a unique opportunity to combine our strengths and elevate automotive excellence to new heights, expanding our market presence and driving innovation."

Together, we embark on a journey towards a future of luxury automotive innovation.