Lear Corporation, a supplier of seat and electronic systems, said it had acquired Thagora Technology, a privately held company specializing in hardware and software materials technology based in Iasi, Romania.
Lear said Thagora’s patented products will complement its sustainable production processes by reducing scrap and reducing energy consumption during production. Industry 4.0’s new acquisition also brings “significant successes” to manufacturing operations through engineering and logistics, including improved material traceability and facility utilization.
“Thagora offers Lear access to scalable, smart manufacturing tools that will be a valuable addition to our business,” said Frank Orsini, Head of Lear.
“This deal gives Thagora a unique opportunity to maintain the strong relationships we have built with our current automotive and non-automotive customers, while improving our geographical reach through Lear’s global footprint to win new business from OEMs around the world,” said Mihai Mitrica. , Owner of Tagore.