# 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.

- Type: Acquisition
- Announced: 2022-05-20
- Where: Gruendau-Rothenbergen, Germany, Germany
- Value: $148.0M (140.0M EUR)
- Status: announced
- Products: seat heating, ventilation, active cooling, steering wheel heating, seat sensors, electronic control modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lear Corporation](https://endata.com/companies/1874.md) (acquirer)
- [I.G. Bauerhin](https://endata.com/companies/21670.md) (target)
- [IGB Automotive](https://endata.com/companies/21671.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/lear-to-acquire-ig-bauerhin-a-global-leader-in-seat-climate-control-301552037.html), 2022-05-20: "The acquisition of IGB furthers Lear's vertical integration strategy and advances our vision of being the leading provider of innovative thermal comfort solutions."
- [autonews.com](https://www.autonews.com/suppliers/lear-acquire-german-supplier-quest-comfort-seating-dominance/), 2022-05-20: "Lear to acquire German supplier in quest for comfort seating dominance"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.