M&A Deal Summary |
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Date | 1999-05-04 |
Target | UT Automotive |
Sector | Automotive |
Buyer(s) | Lear |
Sellers(s) | RTX |
Deal Type | Divestiture |
Deal Value | 2.3B USD |
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Category | Company |
---|---|
Founded | 1917 |
Sector | Automotive |
Employees | 186,600 |
Revenue | 23.5B USD (2023) |
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 | 8 of 23 |
Sector (Automotive) | 8 of 14 |
Type (Divestiture) | 3 of 6 |
State (Michigan) | 1 of 5 |
Country (United States) | 3 of 12 |
Year (1999) | 1 of 1 |
Size (of disclosed) | 1 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1998-04-09 |
Strapazzini Resine S.r.L.
Pesaro, Italy Strapazzini Resine S.r.L. is a manufacturer of instrument panels, door panels, sunshades, consoles, and pillar trim at two Italian facilities. |
Buy | - |
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 | - |
Category | Company |
---|---|
Founded | 1934 |
Sector | Diversified |
Employees | 185,000 |
Revenue | 68.9B USD (2023) |
RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.
DEAL STATS | # |
---|---|
Overall | 1 of 18 |
Sector (Automotive) | 1 of 1 |
Type (Divestiture) | 1 of 16 |
State (Michigan) | 1 of 1 |
Country (United States) | 1 of 16 |
Year (1999) | 1 of 1 |
Size (of disclosed) | 4 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-02-23 |
Sundstrand
Rockford, Illinois, United States Sundstrand Corp., a maker of internal systems for airplanes. |
Buy | $4.3B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1999-11-19 |
Electrolux -Commercial Refrigeration Business
Sweden Electrolux -Commercial Refrigeration Business is a provider of refrigeration and freezing equipment for commercial customers within the supermarket, convenience store, food and beverage segments. |
Buy | - |