Lear completed the acquisition of Interior Comfort Systems business unit from Kongsberg Automotive for $190m.

Lear, a company that manufactures automotive seating, completed the acquisition of Interior Comfort Systems business unit from Kongsberg Automotive, a manufacturer of automotive parts, for $190m. "By integrating Kongsberg Automotive's Interior Comfort Systems business unit into our operations, we will build on our strengths in design, engineering and operational excellence – advancing our strategy to offer a complete suite of premier comfort seat systems to our customers and ultimately to consumers. This acquisition represents an opportunity for Lear to capture more content-per-vehicle by providing an optimized solution with a better value proposition for our customers, in terms of cost, quality and performance. Lear looks forward to welcoming the talented ICS workforce to our team," Ray Scott, Lear President and CEO.