Lear to acquire I.G. Bauerhin for €140 million

Lear Corporation has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a supplier of automotive seat climate control systems, for €140 million on a cash- and debt-free basis. The transaction is expected to close in six to nine months.

“The acquisition of IGB furthers Lear's vertical integration strategy and advances our vision of being the leading provider of innovative thermal comfort solutions.”prnewswire.com

• 2 sources
• prnewswire.comLear to Acquire I.G. Bauerhin, a Global Leader in Seat Climate ControlLear CorporationMay 20, 2022
• autonews.comLear to acquire German supplier in quest for comfort seating dominance - Automotive NewsKurt Nagl, Crain's Detroit BusinessMay 20, 2022

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