Lear to Acquire Spanish Automation Company

SOUTHFIELD, MI—Automotive supplier Lear Corp. is set to acquire WIP Industrial Automation, a Spain-based systems integrator with a focus on advanced automation for industrial applications. The deal is expected to close by the third quarter of 2024 and is subject to regulatory approvals.

With 25 years of experience, WIP is known for its expertise in developing custom automation systems that incorporate robotics and AI-based computer vision. Lear has been a long-time customer of WIP and values the company’s ability to enhance safety, quality, and efficiency in manufacturing.

Lear’s acquisition of WIP is part of the company’s broader strategy to expand its global automation and digital capabilities. By integrating WIP’s expertise with its existing portfolio, which includes companies like ASI Automation, Thagora Technology, and InTouch Automation, Lear aims to drive innovation in next-generation automation technologies.

Specifically, Lear is looking to leverage WIP’s manufacturing engineering capabilities to optimize its operations. The company sees WIP’s expertise in robotics and AI as a key differentiator.

Source: This article was edited by AI with human oversight.

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