Automotive technology leader Lear Corporation has completed the acquisition of I.G. Bauerhin (IGB), a provider of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules. The €140 million deal is part of Lear’s strategy to develop and integrate its Thermal Comfort Systems for automotive seating.
The acquisition of IGB enhances Lear’s thermal comfort systems portfolio by combining efficient heating, ventilation and active cooling, lumbar support and massage with exceptional seating craftsmanship. This is the second acquisition Lear has made in the last two years to enhance its thermal comfort systems’ portfolio, following its acquisition of substantially all of Kongsberg Automotive’s interior comfort systems’ business unit in February 2022.
“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 executive vice-president and president, seating. “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.”
Lear is well-positioned to meet the growing demand for high-quality, innovative thermal comfort systems in the automotive industry. As the industry continues to evolve, comfort and convenience are becoming increasingly important factors for consumers when making their purchasing decisions. With the acquisition of IGB, Lear can expand its thermal comfort systems’ offering and provide a wider range of options for its customers.