Global automotive technology leader in seating and E-Systems, Lear Corporation announced it has acquired Thagora Technology SRL, a privately held company specialising in material utilisation hardware and software technologies based in Iasi, Romania.
Thagora's proprietary solutions will complement Lear's sustainable manufacturing processes by reducing scrap and lowering energy usage during production. In addition, Thagora's Industry 4.0 technology brings significant advances to manufacturing operations through engineering and logistics, including improved material traceability and facility footprint utilisation.
Frank Orsini, Executive Vice President and President, Seating, Lear Corporation, said, 'Thagora offers Lear access to scalable, smart-manufacturing tools that will be a valuable addition to our business. 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.'
'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,' said Mihai Mitrica, Thagora's owner.