Robotics
Lear Corp acquires industrial robotics company WIP Industrial (LEA)
SweetBunFactory
- In an effort to broaden its automation abilities, Lear Corp (NYSE:LEA) has agreed to acquire WIP Industrial Automation for an undisclosed amount. The transaction is expected to close in Q3.
- WIP develops and deploys automation technology for manufacturing using robots and AI-based computer vision capabilities, which will help Lear (LEA) operate more efficiently and “navigate current macroeconomic challenges, such as elevated inflation.”
- To complement Lear’s (LEA) recent acquisitions of ASI Automation, Thagora Technology SRL, and InTouch Automation, WIP will contribute to Lear’s manufacturing process of vehicle seats and electrical systems.
- Press release
