# Lear Corporation to acquire WIP Industrial Automation

Lear Corporation announced a definitive agreement to acquire WIP Industrial Automation, a Spanish systems integrator specializing in advanced automation solutions. The transaction is expected to close by Q3 2024.

- Type: Acquisition
- Announced: 2024-04-29
- Where: Spain, Spain
- Status: announced
- Products: automation solutions, robotics, AI-based computer vision
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lear Corporation](https://endata.com/companies/1874.md)
- [Lear Corporation](https://endata.com/companies/1874.md) (acquirer)
- [WIP Industrial Automation](https://endata.com/companies/77089.md) (target)

## Sources

- [lear.com](https://www.lear.com/newsroom/lear-to-enhance-automation-and-artificial-intelligence-capabilities-through-strategic-acquisition-of-wip-industrial-automation), 2024-04-29: "Lear Corporation today announced that it has entered into a definitive agreement to acquire WIP Industrial Automation"
- [kalkine.com.au](https://kalkine.com.au/news/stocks/lear-to-enhance-automation-and-artificial-intelligence-capabilities-through-strategic-acquisition-of-wip-industrial-automation), 2024-04-29: "WIP brings valuable manufacturing engineering capabilities that are essential to advancing innovative automation solutions across our global operations."
- [dbusiness.com](https://www.dbusiness.com/daily-news/lear-in-southfield-acquires-spanish-automation-and-ai-provider/), 2024-04-29: "WIP brings valuable manufacturing engineering capabilities that are essential to advancing innovative automation solutions across our global operations."
- [horsepowermexico.com](https://horsepowermexico.com/2024/05/03/lear-adquiere-empresa-de-automatizacion-espanola/), 2024-05-03: "WIP posiciona a Lear para operar de manera más eficiente, lo que permite a la empresa navegar los desafíos macroeconómicos actuales, como la elevada inflación salarial, de manera más efectiva."
- [assemblymag.com](https://www.assemblymag.com/articles/98553-lear-to-acquire-spanish-automation-company), 2024-05-24: "Lear’s acquisition of WIP is part of the company’s broader strategy to expand its global automation and digital capabilities."
- [prnewswire.com](https://www.prnewswire.com/apac/news-releases/lear-to-enhance-automation-and-artificial-intelligence-capabilities-through-strategic-acquisition-of-wip-industrial-automation-302161861.html), 2024-06-03: "Lear Corporation today announced that it has entered into a definitive agreement to acquire WIP Industrial Automation, a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications."

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