Lear completed the acquisition of the interior comfort systems business from Kongsberg Automotive for $190m.

Lear, a firm that designs, develops, and manufactures automotive seating and electrical systems, completed the acquisition of the interior comfort systems business from Kongsberg Automotive, a firm that develops, manufactures and sells products to the automotive industry worldwide, for $190m. “I am convinced our ICS employees will be in good hands and continue to thrive at a much larger scale at Lear, our longstanding partner. For Kongsberg Automotive, the transaction provides us the room for additional financial maneuvering and allows us to fully concentrate on our path towards highly-focused and profitable growth," Joerg Buchheim, Kongsberg Automotive President and CEO.