Lear Acquires StoneShield Engineering to Enhance Advanced Automation Capabilities Within its E-Systems Business
Rhea-AI Summary
Lear (NYSE: LEA) has acquired StoneShield Engineering, a privately held system integrator based in Portugal, specializing in automation technology for the wire harness industry. StoneShield's expertise includes robotics, automated taping applications, and high voltage harness assembly.
The acquisition aligns with Lear's IDEA (Innovative, Digital, Engineered and Automated) strategy and follows previous strategic acquisitions including WIP Industrial Automation, ASI Automation, Thagora Technology SRL, and InTouch Automation. This move aims to enhance Lear's E-Systems business automation capabilities and improve operational efficiency through advanced wire harness production technologies.
Positive
- Strategic expansion of automation capabilities in E-Systems business
- Enhancement of wire harness production technology portfolio
- Strengthening of operational efficiency through advanced automation
- Integration with previous strategic acquisitions to build comprehensive automation solutions
Negative
- None.
News Market Reaction
On the day this news was published, LEA gained 0.61%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Founded in 2017, StoneShield Engineering specializes in the design and development of automation technology for the wire harness industry. Key areas of expertise include robotics, automated taping applications and high voltage harness assembly.
"By utilizing StoneShield's expertise, we will accelerate the automation of our production processes throughout our E-Systems business," said President and CEO Ray Scott. "We will also develop new advanced technologies for our wire harness production, further improving our efficiency and operational excellence."
This acquisition is a component of Lear's IDEA (Innovative, Digital, Engineered and Automated) by Lear strategy, which focuses on leveraging technology and innovation to drive operational excellence. It is part of the successful integration of previous acquisitions, including WIP Industrial Automation, ASI Automation, Thagora Technology SRL, and InTouch Automation.
Collectively, these strategic acquisitions equip Lear with a robust portfolio of automation solutions and expertise, positioning the company as a leader in the use of next-generation automotive manufacturing technologies.
About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in
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SOURCE Lear Corporation
FAQ
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