Add-on Acquisition • Automotive

Lear Acquires GHW Grote & Hartmann

On July 6, 2004, Lear acquired automotive company GHW Grote & Hartmann for 220M USD

Acquisition Context
  • This is Lear’s 9th transaction in the Automotive sector.
  • This is Lear’s 8th largest (disclosed) transaction.
  • This is Lear’s 2nd transaction in Germany.

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M&A Deal Summary

Date July 6, 2004
Target GHW Grote & Hartmann
Sector Automotive
Buyer(s) Lear
Deal Type Add-on Acquisition
Deal Value 220M USD

Target Company

GHW Grote & Hartmann

Wuppertal, Germany
Grote & Hartmann manufactures terminals and connectors, junction boxes and machinery to produce wire harnesses, primarily for the automotive industry.
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Buyer Overview 1

Buyer

Lear

Southfield, Michigan, United States

Category Company
Founded 1917
Sector Automotive
Employees173,700
Revenue 23.3B USD (2024)
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 Context for Buyer #
Overall 9 of 24
Sector: Automotive 9 of 14
Type: Add-on Acquisition 6 of 18
Country: Germany 2 of 3
Year: 2004 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Lear Corp s Injection Molded Plastics

Sweden

Lear Corp's Injection Molded Plastics division provides plastic molding services in Sweden / Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Guilford Performance Textiles

Wilmington, North Carolina, United States

Guilford Mills designs, develops, and manufactures fabrics and engineered products. The company offers automotive body cloth products and textiles for overhead systems, technical textiles and specialty fibers in North America and Europe.

Buy $257M