IGB: Lear to Acquire I.G. Bauerhin, a Global Leader in Seat Climate Control

Lear Corporation announced it has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules. Lear will acquire IGB for €140 million, on a cash- and debt-free basis. The transaction, subject to regulatory approvals and other [...]The post Lear to Acquire I.G. Bauerhin, a Global Leader in Seat Climate Control appeared first on CRN - India.