Lear to Enhance Automation and Artificial Intelligence Capabilities Through Strategic Acquisition of WIP Industrial Automation [Yahoo! Finance]
Lear Corporation (LEA)
Last lear corporation earnings: 1/28 06:00 am
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Source: Yahoo! Finance
announced that it has entered into a definitive agreement to acquire WIP Industrial Automation ("WIP"), a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close by the third quarter of 2024. WIP, a long-time Lear supplier with 25 years of automation experience, develops, integrates, and deploys cutting-edge technologies to create customized automation solutions for manufacturing applications. WIP brings strong robotics and AI-based computer vision capabilities to Lear, which are important for safety, quality, and efficiency in a modern manufacturing environment. WIP positions Lear to operate more efficiently, thus allowing the company to navigate current macroeconomic challenges, such as elevated wage inflation, more effectively. This acquisition will be the latest of Lear's strategic investments desi
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LEA
News
- Lear Co. (NYSE: LEA) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $160.00 price target on the stock, up previously from $150.00.MarketBeat
- It's Unlikely That Lear Corporation's (NYSE:LEA) CEO Will See A Huge Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- Lear Co. (NYSE: LEA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Lear's (LEA) Q1 Earnings Beat, Revenues Match Estimates [Yahoo! Finance]Yahoo! Finance
- Don't Overlook Lear (LEA) International Revenue Trends While Assessing the Stock [Yahoo! Finance]Yahoo! Finance
LEA
Earnings
- 4/30/24 - Beat
LEA
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- LEA's page on the SEC website