M&A Deal Summary

Lear Acquires Arada Systems

On November 30, 2015, Lear acquired technology hardware company Arada Systems

Acquisition Highlights
  • This is Lear’s 1st transaction in the Technology Hardware sector.
  • This is Lear’s 8th transaction in the United States.
  • This is Lear’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2015-11-30
Target Arada Systems
Sector Technology Hardware
Buyer(s) Lear
Deal Type Add-on Acquisition

Target

Arada Systems

Troy, Michigan, United States
website
Arada Systems is a developer of V2X software and hardware solutions utilizing its expertise in 5.9 GHz dedicated short range communications and other wireless communications protocols, notably GPS.

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Buyer(S) 1

Buyer

Lear

Southfield, Michigan, United States

website


Category Company
Founded 1917
Sector Automotive
Employees168,700
Revenue 20.9B USD (2022)
DESCRIPTION
Lear Corp's corporate headquarters in Southfield, Michigan.
Lear Corp's corporate headquarters in Southfield, Michigan.

Lear is a Tier 1 supplier to the global automotive industry. The Company's business spans all major automotive markets, and Lear supplies its products to every major automotive manufacturer in the world. Lear organizes its business in two global product segments including seating and electrical power management systems. The seating segment includes seat systems and related components, such as seat structures and mechanisms, seat covers, headrests and seat foam. The electrical segment includes electrical distribution systems that route electrical signals and manage electrical power within a vehicle for both traditional powertrain vehicles, as well as for hybrid and electric vehicles. Lear was formed in 1917 and is based in Southfield, Michigan.


DEAL STATS #
Overall 14 of 23
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 10 of 17
State (Michigan) 3 of 5
Country (United States) 8 of 12
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Autonet Mobile - Intellectual Property

United States

Autonet Mobile - Intellectual Property is a provider of IT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Grupo Antolin Irausa SA - Automotive Seating Business

France

Grupo Antolin Irausa SA - Automotive Seating Business is comprised of just-in-time seat assembly, seat structures & mechanisms and seat trim, and is well positioned among the largest European automakers, including Peugeot Citroen, Daimler, Renault Nissan and Volkswagen.

Buy €286M