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Lear Acquires StoneShield Engineering to Enhance Advanced Automation Capabilities Within its E-Systems Business

1. Lear Corporation acquired StoneShield Engineering to enhance automation processes. 2. StoneShield specializes in automation tech for wire harness production. 3. This acquisition supports Lear's IDEAL strategy for operational excellence. 4. Lear aims to create new technologies to improve efficiency. 5. Past acquisitions bolster Lear's portfolio in automotive manufacturing technology.

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FAQ

Why Bullish?

The acquisition could increase operational efficiency, driving future revenue growth. Similar acquisitions have positively influenced other tech-focused companies in the automotive sector.

How important is it?

Acquisition of a tech company aligns with Lear’s growth strategy, impacting future performance. Increased efficiency may enhance competitive advantage and investor interest.

Why Long Term?

The long-term benefits of enhanced automation will likely be realized over time. Past examples show that strategic investments in technology positively contributed to long-term shareholder value.

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LEA
, /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has purchased StoneShield Engineering, a privately held system integrator based in Castelo Branco, Portugal. 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 Southfield, Michigan, serves every major automaker in the world and ranks 174 on the Fortune 500. Further information about Lear is available at lear.com.  SOURCE Lear Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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