Lear Corp. in Southfield, a global automotive seating and e-systems technology provider, has acquired Thagora Technology SRL, a privately held company specializing in material utilization hardware and software technologies based in Iași, Romania. Terms of the transaction were not disclosed.
Thagora’s proprietary solutions are expected to complement Lear’s sustainable manufacturing processes by reducing scrap and lowering energy usage during production.
In addition, Thagora’s Industry 4.0 technology is designed to bring “significant advances” to manufacturing operations through engineering and logistics, including improved material traceability, and facility footprint utilization.
“Thagora offers Lear access to scalable, smart-manufacturing tools that will be a valuable addition to our business,” says Frank Orsini, president of Lear Seating and executive vice president on Lear. “We welcome Thagora’s talented employees to the Lear family. Together, we share the same professional commitment to safety, quality, innovation and support for the communities where we live and work.”
Mihai Mitrica, owner of Thagora, says: “This transaction provides Thagora with a unique opportunity to maintain the strong relationships we have built with our current automotive and non-automotive customers while improving our geographic reach through Lear’s global footprint to win new business from OEMs around the world.
“We are excited to join the Lear family and looking forward to continuing to deliver new product innovations that leverage our consumer-centric mindset.”