US' Lear acquires Thagora Technology for advanced manufacturing

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 will bring advances to manufacturing operations through engineering and logistics, including improved material traceability, and facility footprint utilisation.

"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." said Frank Orsini, Lear executive vice president and president, seating.

"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.

Fibre2Fashion News Desk (HO)