Lear - M&A Summary and Business Overview

AutomotiveCompany

Lear M&A Summary

Lear has acquired 23 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Lear’s largest acquisition to date was in 1999, when it acquired UT Automotive for $2.3B. Lear has acquired in 7 different US states, and 9 countries. The Company’s most targeted sectors include automotive (61%) and information technology (18%).

Lear Business Overview

Where is Lear headquartered?

Lear is headquartered in Southfield, Michigan.

What is Lear’s revenue?

Lear disclosed revenue of 20,892M USD for 2022 and 19,263M USD for 2021.

How many employees does Lear have?

Lear has 168,700 employees.

What sector is Lear in?

Lear is an automotive company.

When was Lear founded?

Lear was founded in 1917.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity23
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 8
  • M&A Advisors 1

Lear

Lear Corp.

21557 Telegraph Road,
Southfield, Michigan 48033
United States,
(248) 447-1500
www.lear.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 17 - 2 3 - 1 23
vol $5.6B $197M $158M $5.9B
Sell (0.0/yr) # 1 - - - - - 1
  24

Most Recent M&A

Company Date Value Type
Wip Proyectos Industriales 2024-04-29 - Add-on Acquisition
Arroyo de la Encomienda, Spain · www.wip.es
Intouch Automation 2022-11-18 - Add-on Acquisition
Novi, Michigan · www.intouchautomation.com
IG Bauerhin GmbH 2022-05-20 158M EUR Add-on Acquisition
Gründau, Germany · www.bauerhin.com
Thagora Technology SRL 2022-05-19 - Add-on Acquisition
Iasi, Romania · www.thagora.com
Kongsberg Automotive - Interior Comfort Systems Business Unit 2021-10-28 197M EUR Divestiture
Kongsberg, Norway
M&N Plastics 2021-03-25 - Add-on Acquisition
Sterling Heights, Michigan · www.mandn.com
Xevo, Inc. 2019-04-02 - Add-on Acquisition
Bellevue, Washington · www.xevo.com
EXO Technologies LLC 2017-12-11 - Add-on Acquisition
San Mateo, California · www.exactorbit.com
Grupo Antolin Irausa SA - Automotive Seating Business 2017-02-06 322M EUR Divestiture
, France
Arada Systems 2015-11-30 - Add-on Acquisition
Troy, Michigan · www.aradasystems.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 14 (61%) 5.7B (96%) - -
Information Technology 4 (17%) - - -
Apparel/Textiles 2 (9%) 257M (4%) - -
Plastics 1 (4%) - 1 (100%) -
Manufacturing 1 (4%) - - -
Technology Hardware 1 (4%) - - -
Total 23 $5.9B 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 4.8B - -
  Michigan 5 3.2B - -
  North Carolina 2 257M - -
  Minnesota 1 881M - -
  California 1 - - -
  Washington 1 - - -
  Pennsylvania 1 474M - -
Germany 3 613M - -
Italy 2 - - -
Sweden 1 - 1 -
France 1 322M - -
Norway 1 197M - -
Romania 1 - - -
Spain 1 - - -
United Kingdom 1 55M - -
Domestic 12 (52%) 4.8B (80%) - -
Cross-border 11 (48%) 1.2B (20%) 1 (100%) -
Total 23 $5.9B 1 -

Top M&A Advisors

Financial Deals
InterOcean Advisors LLC
1

Deal Values

buy # Total
> $1B 1 $2.3B
$100M to $1B 9 $3.6B
< $100M 1 $55M
TOTAL $5.9B
Largest UT Automotive
$2.3B (1999-05-04)

M&A Connections

Deals
Acquired from
Investor(s)
9%
2 (9%)
Strategic(s)
26%
6 (26%)
Divested to
Strategic(s)
100%
1 (100%)

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