M&A Deal Summary

Lear Acquires Intouch Automation

On November 18, 2022, Lear acquired automotive company Intouch Automation

Acquisition Highlights
  • This is Lear’s 14th transaction in the Automotive sector.
  • This is Lear’s 12th transaction in the United States.
  • This is Lear’s 5th transaction in Michigan.

M&A Deal Summary
Date 2022-11-18
Target Intouch Automation
Sector Automotive
Buyer(s) Lear
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Lear

Southfield, Michigan, United States
Category Company
Founded 1917
Sector Automotive
Employees186,600
Revenue 23.5B USD (2023)
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 22 of 23
Sector (Automotive) 14 of 14
Type (Add-on Acquisition) 16 of 17
State (Michigan) 5 of 5
Country (United States) 12 of 12
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 IGB Automotive

Gründau, Germany

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.

Buy €140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 WIP

Arroyo de la Encomienda, Spain

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.

Buy -
Mergr

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