Lear Corporation
Company Profile
Business Overview
-The Company supplies seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to all of the world's major automotive manufacturers.
-Its business is organized under two reporting segments: Seating and E-Systems. Each of these segments has a varied product and technology range across a number of component categories:
- Seating
- Design, development, engineering, just-in-time assembly and delivery of complete seat systems
- Design, development, engineering and manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests
- Active sensing, safety, connectivity, user experience and comfort for seats, utilizing electronically controlled systems and internally developed algorithms
- Seat heating and cooling capabilities through technology partnerships and design-integrated supplier solutions
- E-Systems
- Design, development, engineering and manufacture of complete electrical distribution systems
- Sophisticated electronic control modules, electrification products and connectivity products
Competitors
Seating Segment | E-Systems Segment |
-Adient -Faurecia -Magna International -Toyota Boshoku -TS Tech |
-Aptiv -Bosch -Continental -Denso -Harman -Hella -Leoni -Molex -Sumitomo -TE Connectivity -Valeo -Visteon -Yazaki |
Shareholders
-The Company is listed on New York Stock Exchange.
Products
Seating
-Complete Seats
-Seat Covers
-Eagle Ottawa Leather by Lear
-Guilford Performance Textiles by Lear
-Foam & Comfort
-Structures & Mechanisms
E-Systems
-Wire Harnesses
-Terminals & Connectors
-Smart Junction Boxes
-Body Domain Controllers
-EXO High Accuracy Positioning
-Audio Domain Controllers
-Exterior Lighting Control
-Advanced Software
-Wireless Vehicle Access
-Cybersecurity
-Power Distribution Boxes
-Lear Virtual Proving Grounds
-Intu Seat systems
-BioBridge
-ProActive Comfort
-Modular Heat & Cool
-Lear ConnexUs
- V2X technology
- Gateways
History
1917 | Established as "American Metal Products Corporation" in Detroit, USA. |
Nov. 1993 | Purchased certain assets of the Plastics and Trim Products of Ford Motor Co. that supply seat trim and trimmed seat assemblies to Ford. |
Dec. 1993 | Merged with parent company, Lear Holdings Corporation, to form new entity. |
Dec. 1994 | Acquired SEPI S.p.A. from Gilardini S.p.A. |
Jun. 1995 | Acquired approximately 97% of Masland Corporation. Formed a joint venture, Lear Seating Inespo Industrial Do Brasil L.T.D.A. in Brazil. |
Aug. 1995 | Acquired Automotive Industries Holding, Inc. |
Oct. 1995 | Formed a joint venture, Lear Seating Do Brasil in Brazil. |
Dec. 1996 | Acquired Borealis Industrier AB, a western European supplier of instrument panels, door panels and other automotive components, from Borealis Holding AB. |
Jun. 1997 | Acquired Dunlop Cox Limited. |
Jul. 1997 | Acquired certain equity and partnership interests in Keiper Car Seating GmbH & Co. and certain of its subsidiaries and affiliates. |
Aug. 1997 | Acquired the Automotive Seat Sub-Systems Unit of ITT Automotive. |
Sep. 1998 | Acquired the seating business of Delphi Automotive Systems. |
Feb. 1999 | Acquired Polovat and the automotive business of Ovatex. |
Apr. 1999 | Purchased certain assets of Peregrine Windsor, Inc., a division of Peregrine Incorporated. |
May 1999 | Acquired UT Automotive Inc., a wholly-owned operating segment of United Technologies Corporation. |
Jun. 1999 | Sold Electric Motor Systems (EMS) to Johnson Electric Holdings Limited. |
Sep. 1999 | Purchased Donnelly Corporation's 50% interest in Lear-Donnelly Overhead Systems, L.L.C., the joint venture in which the two suppliers had been partners. |
May 2000 | Formed a joint venture with Motorola, Inc. |
Jun. 2000 | Sold its sealants and foam rubber business to AcoustiSeal. |
Nov. 2000 | Formed Total Interior Systems - America, a joint venture with Takashimaya Nippatsu Kogyo Co., Ltd. |
Dec. 2000 | Sold four European plastic and metal manufacturing facilities. |
2000 | Sold its interests in North American Interiors, L.L.C., Pianfei Glass S.A., Autoform Kunstoffteile GmbH and Autoform Kunstoffteile GmbH & Co. KG. |
Feb. 2002 | Has formed a comprehensive business partnership with Mitsubishi Cable Industries, Ltd. in the automotive wire harness business. |
Apr. 2002 | Announced the formation of Nanjing Lear Xindi Automotive Interiors System Co., Ltd. (Lear Xindi), a joint venture with the Xindi subsidiary of Yuejin Motor Group Corporation. |
2006 | Decided to exit the interior business and completed the divestiture of European interior business. |
Mar. 2007 | Completed the divestiture of its interior business. |
Jul. 2009 | The Company, along with certain U.S. and Candian subsidiaries, filed for Chapter 11 bankruptcy protection. |
Nov. 2009 | The Company emerged from Chapter 11 bankruptcy protection. |
May 2012 | Acquired Guilford Mills, a manufacturer of fabrics for the automotive and specialty markets. |
Jan. 2015 | Acquired Eagle Ottawa, a manufacturer of automotive leather, for USD 850 million. |
Aug. 2015 | Acquired intellectual property and technology from Autonet Mobile, a developer of software and devices for automotive applications. |
Nov. 2015 | Acquired Arada Systems, an automotive technology company which focuses on V2V and V2I communications. |
Dec. 2016 | Acquired AccuMED Holdings Corp., a privately-held developer and manufacturer of specialty fabrics. |
Apr. 2017 | Completed acquisition of Grupo Antolin’s seating business for EUR 286 million. |
Dec. 2017 | Entered agreement to acquire EXO Technologies, a GPS technology specialist which provides high-accuracy solutions for autonomous and connected vehicle applications. |
Jan. 2018 | Completed acquisition of EXO Technologies. |
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
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>>>Business report FY ended Dec. 31, 2014
>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
>>>Business report FY ended Dec. 31, 2018
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss