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