Lear Corp. Acquires StoneShield Engineering for $1.5 Billion

Lear Corporation has acquired StoneShield Engineering, a Portugal-based system integrator specializing in automation technology for the wire harness industry. This acquisition is part of Lear's broader IDEA strategy aimed at enhancing operational excellence through technological innovation. Lear's president and CEO, Ray Scott, emphasized that the integration of StoneShield's expertise will accelerate automation processes and improve efficiency in wire harness production. Previous acquisitions have also contributed to a robust portfolio of automation solutions, reinforcing Lear's leadership in next-generation automotive manufacturing technologies. Additionally, Lear reported a revenue decline for Q4 2024 but noted strong cash flow generation allowing for significant shareholder returns. The company continues to focus on innovation and sustainability across its operations.