Lear to Enhance Automation and Artificial Intelligence Capabilities Through Acquisition of WIP Industrial Automation

Lear Corporation, a global automotive technology player in Seating and E-Systems, announced that it has entered into a definitive agreement to acquire WIP Industrial Automation, a privately held Spain-based systems integrator that specializes in advanced automation solutions for industrial applications. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close by the third quarter of 2024.

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