Lear
Assembly Line
Lear to Enhance Automation and Artificial Intelligence Capabilities Through Strategic Acquisition of WIP Industrial Automation
Lear Corporation, a global automotive technology leader in Seating and E-Systems, announced that it has entered into a definitive agreement to acquire WIP Industrial Automation (“WIP”), a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close by the third quarter of 2024.
This acquisition will be the latest of Lear’s strategic investments designed to broaden its global automation and digital capabilities and builds on the company’s successful integration of ASI Automation (“ASI”), Thagora Technology SRL (“Thagora”), and InTouch Automation (“InTouch”). The collective expertise of WIP, ASI, Thagora, and InTouch equip Lear with a robust portfolio of automation solutions and technical knowledge that span all critical areas of the manufacturing process and will accelerate innovation in the development of next-generation automation technologies.