M&A Deal Summary

Lear Acquires Thagora

On May 19, 2022, Lear acquired information technology company Thagora

Acquisition Highlights
  • This is Lear’s 4th transaction in the Information Technology sector.
  • This is Lear’s 1st transaction in Romania.

M&A Deal Summary

Date 2022-05-19
Target Thagora
Sector Information Technology
Buyer(s) Lear
Deal Type Add-on Acquisition

Target

Thagora

Iasi, Romania
Thagora is a privately held company specializing in material utilization hardware and software technologies. Thagora is based in Iasi, Romania.

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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 20 of 23
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 14 of 17
Country (Romania) 1 of 1
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Kongsberg Automotive - Interior Comfort Systems Business Unit

Kongsberg, Norway

Kongsberg Automotive's ICS business unit specializes in comfort seating solutions, with a leadership position in seating product areas experiencing growth within the auto industry massage, lumbar, seat heat, and ventilation.

Buy €175M
FOLLOWING 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