M&A Deal Summary

Lear Acquires WIP

On April 29, 2024, Lear acquired manufacturer WIP

Acquisition Highlights
  • This is Lear’s 1st transaction in the Manufacturing sector.
  • This is Lear’s 1st transaction in Spain.

M&A Deal Summary

Date 2024-04-29
Target WIP
Sector Manufacturing
Buyer(s) Lear
Deal Type Add-on Acquisition

Target

WIP

Arroyo de la Encomienda, Spain
website
WIP is a provider of automation experience that develops, integrates, and deploys cutting-edge technologies to create customized automation solutions for manufacturing applications. WIP was founded in and is based in Arroyo de la Encomienda, Spain.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 23 of 23
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 17 of 17
Country (Spain) 1 of 1
Year (2024) 1 of 1
PREVIOUS 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.

Buy -