Lear Acquires Industry 4.0 Specialist InTouch Automation

Rhea-AI Summary

Lear Corporation (NYSE: LEA) has announced its strategic acquisition of InTouch Automation, a key player in Industry 4.0 technologies vital for automotive seat production. This acquisition aims to enhance Lear's automation capabilities and manufacturing flexibility, aligning with its strategy to implement advanced testing solutions. InTouch, founded in 2006, specializes in automated testing equipment and real-time data analytics, further standardizing processes in Lear's just-in-time seating production.

Positive

• Acquisition enhances automation and manufacturing flexibility.
• InTouch's technology supports real-time data analysis and standardized testing.
• Strategic alignment with Lear's Industry 4.0 initiatives.

Negative

• None.

InTouch automates complex testing process in seating assembly

SOUTHFIELD, Mich., Nov. 18, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced the strategic acquisition of InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats.  

InTouch's product portfolio fits with Lear's Industry 4.0 strategy of implementing technologies designed to automate the testing and validation of components and finished seats. These high-tech solutions also give Lear a greater ability to collect and analyze real-time data while standardizing testing procedures throughout its just-in-time (JIT) seating production process.  

"This acquisition is another step in increasing Lear's automation and manufacturing flexibility," said Frank Orsini, Lear Executive Vice President and President, Seating. "We welcome InTouch employees and their impressive legacy of excellence in innovation, quality and safety to the Lear family."

InTouch, founded in 2006, is privately owned and based in Novi, Mich. Key products include End of Line (EOL) testing equipment for complete seats, in-process testing equipment for JIT seating, automation of EOL testing, industrial multi-use seat connectors and autodocking.

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 186 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.

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SOURCE Lear Corporation

FAQ

What is the significance of Lear's acquisition of InTouch Automation?

The acquisition enhances Lear's automation capabilities and aligns with its Industry 4.0 strategy.

When was the acquisition of InTouch Automation announced?

Lear announced the acquisition on November 18, 2022.

What technologies does InTouch Automation specialize in?

InTouch specializes in automated testing equipment and Industry 4.0 technologies for automotive seats.

How will the acquisition impact Lear's production process?

The acquisition is expected to standardize testing procedures and improve data analysis in Lear's just-in-time seating production.

What are the expected benefits of the acquisition for Lear Corporation?

The acquisition is expected to boost manufacturing efficiency, automation, and data management capabilities.