M&A Deal Summary

Lear Acquires Xevo

On April 2, 2019, Lear acquired information technology company Xevo

Acquisition Highlights
  • This is Lear’s 3rd transaction in the Information Technology sector.
  • This is Lear’s 10th transaction in the United States.
  • This is Lear’s 1st transaction in Washington.

M&A Deal Summary

Date 2019-04-02
Target Xevo
Sector Information Technology
Buyer(s) Lear
Deal Type Add-on Acquisition

Target

Xevo

Bellevue, Washington, United States
Xevo, Inc. is an automotive software supplier, providing solutions for cloud, car, and mobile devices leverage computer vision, machine learning, and data analytics to continuously create, test, and deploy new AI models to improve performance, safety, and driver experiences.

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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 17 of 23
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 12 of 17
State (Washington) 1 of 1
Country (United States) 10 of 12
Year (2019) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 M&N Plastics

Sterling Heights, Michigan, United States

M&N Plastics is an injection molding specialist and manufacturer of engineered plastic components for automotive electrical distribution applications. M&N Plastics was founded in 1977 and is based in Sterling Heights, Michigan.

Buy -