M&A Deal Summary

Lear Acquires Grupo Antolin Irausa SA - Automotive Seating Business

On February 6, 2017, Lear acquired automotive company Grupo Antolin Irausa SA - Automotive Seating Business from Grupo Antolin Irausa SA for 286M EUR

Acquisition Highlights
  • This is Lear’s 11th transaction in the Automotive sector.
  • This is Lear’s 5th largest (disclosed) transaction.
  • This is Lear’s 1st transaction in France.

M&A Deal Summary

Date 2017-02-06
Target Grupo Antolin Irausa SA - Automotive Seating Business
Sector Automotive
Buyer(s) Lear
Sellers(s) Grupo Antolin Irausa SA
Deal Type Divestiture
Deal Value 286M EUR

Target

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.

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Buyer(S) 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 STATS #
Overall 15 of 24
Sector: Automotive M&A 11 of 14
Type: Divestiture M&A Deals 5 of 6
Country: France M&A 1 of 1
Year: 2017 M&A 1 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Arada Systems

Troy, Michigan, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 EXO Technologies

San Mateo, California, United States

EXO Technologies LLC is a developer of GPS technology providing high-accuracy solutions for autonomous and connected vehicle applications. EXO Technologies is based in San Mateo, California.

Buy -

Seller(S) 1

SELLER

Grupo Antolin Irausa SA

Burgos, Spain

Category Company
Founded 1959
Sector Automotive
DESCRIPTION

Grupo Antolin Irausa SA is a designer and manufacturer of automotive parts and accessories in Spain.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1