Lear completes acquisition of I.G. Bauerhin

SOUTHFIELD–The Southfield-based automotive seating and electronics supplier Lear Corp. announced it has completed its acquisition of I.G. Bauerhin, further expanding the company’s suite of in-vehicle comfort technologies.

IGB, headquartered in Gruendau-Rothenbergen, Germany, is a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules with more than 4,600 employees at nine manufacturing plants in seven countries.

IGB’s products will enhance Lear’s Thermal Comfort Systems portfolio, which combines efficient heating, ventilation and active cooling, lumbar support and massage with exceptional seating craftsmanship.

“IGB is the final piece of Lear’s comprehensive strategy to develop and integrate its Thermal Comfort Systems for automotive seating,” said Ray Scott, Lear president and CEO. “Lear is the most vertically integrated global seat supplier with the unique ability to design and manufacture the most sophisticated, highest quality and best performing overall seating systems in the world. We are reducing complexity, weight and total costs while responding faster to our customers’ demands.”

In May 2022, Lear announced it had signed a definitive agreement to acquire IGB for €140 million ($154 million), on a cash and debt-free basis.

This is the second acquisition Lear has made in the last two years to enhance its thermal comfort systems portfolio. In February 2022, Lear acquired almost all of Kongsberg Automotive’s Interior Comfort Systems business unit, a provider of seat massage, lumbar, seat heating and ventilation products with more than 3,800 employees in four production facilities and four technical centers on three continents.

“Our customers are adopting thermal comfort systems in both internal combustion engine and electric vehicle segments, ranging from entry level to high-end luxury,” said Frank Orsini, Lear Corp. executive vice president and president of its seating business. “We are also seeing thermal comfort content expand into second row applications. We welcome IGB employees and the expertise they bring to the Lear family.”

More at www.lear.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.