Lear has entered into a definitive agreement to acquire WIP Industrial Automation, 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 Q3. WIP, a Lear supplier with 25 years of automation experience, develops, integrates, and deploys technologies to create customized automation solutions for manufacturing applications. WIP brings strong robotics and AI-based computer vision capabilities to Lear.
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