Lear Acquires Leading Seating Materials Specialist Thagora
PR96151
SOUTHFIELD, Mich., May 24, 2022 /PRNewswire=KYODO JBN/ --
- Acquisition improves Lear's manufacturing processes for surface material
seating applications with scalable Industry 4.0 software and hardware
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating
and E-Systems, recently announced it has acquired Thagora Technology SRL, a
privately held company specializing in material utilization hardware and
software technologies based in Iasi, Romania.
Thagora's proprietary solutions will complement Lear's sustainable
manufacturing processes by reducing scrap and lowering energy usage during
production. In addition, Thagora's Industry 4.0 technology brings significant
advances to manufacturing operations through engineering and logistics,
including improved material traceability, and facility footprint utilization.
"Thagora offers Lear access to scalable, smart-manufacturing tools that will be
a valuable addition to our business," said Frank Orsini, Lear Executive Vice
President and President, Seating. "We welcome Thagora's talented employees to
the Lear family. Together, we share the same professional commitment to safety,
quality, innovation and support for the communities where we live and work."
"This transaction provides Thagora with a unique opportunity to maintain the
strong relationships we have built with our current automotive and
non-automotive customers while improving our geographic reach through Lear's
global footprint to win new business from OEMs around the world," said Mihai
Mitrica, Thagora's owner. "We are excited to join the Lear family and looking
forward to continuing to deliver new product innovations that leverage our
consumer-centric mindset."
About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables
superior in-vehicle experiences for consumers around the world. Lear's diverse
team of talented employees in 38 countries is driven by a commitment to
innovation, operational excellence, and sustainability. Lear is Making every
drive better™ by providing the technology for safer, smarter, and more
comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every
major automaker in the world and ranks 179 on the Fortune 500. Further
information about Lear is available at lear.com or on Twitter @LearCorporation.
SOURCE: Lear Corporation
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