M&A Deal Summary

Lear Acquires IGB Automotive

On May 20, 2022, Lear acquired automotive company IGB Automotive for 140M EUR

Acquisition Highlights
  • This is Lear’s 13th transaction in the Automotive sector.
  • This is Lear’s 9th largest (disclosed) transaction.
  • This is Lear’s 3rd transaction in Germany.

M&A Deal Summary
Date 2022-05-20
Target IGB Automotive
Sector Automotive
Buyer(s) Lear
Deal Type Add-on Acquisition
Deal Value 140M EUR

Target

IGB Automotive

Gründau, Germany
website
IGB Automotive is a provider of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules. IGB Automotive is based in Gründau, Germany.

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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 21 of 22
Sector (Automotive) 13 of 14
Type (Add-on Acquisition) 15 of 16
Country (Germany) 3 of 3
Year (2022) 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Thagora

Iasi, Romania

Thagora is a privately held company specializing in material utilization hardware and software technologies. Thagora is based in Iasi, Romania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 Intouch Automation

Novi, Michigan, United States

Intouch Automation is a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. Key products include End of Line (EOL) testing equipment for complete seats, in-process testing equipment for JIT seating, automation of EOL testing, industrial multi-use seat connectors, and autodocking. Intouch Automation was formed in 2006 and is based in Novi, Michigan.

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