Lear to acquire WIP Industrial Automation.

Lear, a global automotive technology leader in Seating and E-Systems, agreed to acquire WIP Industrial Automation, a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications. Financial terms were not disclosed. "WIP brings valuable manufacturing engineering capabilities that are essential to advancing innovative automation solutions across our global operations. This acquisition will support Lear's long-term strategy to strengthen our market leadership through operational excellence. We are thrilled to welcome the WIP team to the Lear family," Ray Scott, Lear President and CEO.