Thagora Acquires Leading Seating Material Company by LEAR

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May 19, 2022/PRNewswire/Southfield, Mich.— As a global leader in automotive seating and electronic systems, Lear Corporation (NYSE: LEA) announced today that it has acquired Thagora Technology SRL, a privately held business situated in Iasi, Romania, that is focused on hardware and software for material use.

Thagora’s unique technologies will complement Lear’s sustainable manufacturing methods by minimizing scrap and lowering energy consumption throughout production. Thagora’s Industry 4.0 technology also improves industrial operations through engineering and logistics, such as better material traceability and better usage of facility footprints.

Lear Executive Vice President and President of Seating, “Thagorea offers Lear access to scalable, smart-manufacturing solutions that will be a great complement to our business,” said Frank Orsini. “We’re happy to have them as part of the Lear team.” Together, we have the same professional commitment to safety, quality, innovation, and support for the communities where we live and work.

As owner Mihai Mitrica put it, “This deal presents Thagora with a unique chance to maintain the strong connections we have created with our current automotive and non-automotive customers while extending our geographic reach to acquire new business from OEMs around the world.” For us, joining the Lear family and delivering new product innovations that utilize our consumer-centric mentality is an exciting opportunity.

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Zaid Quraishi
My name is Zaid Quraishi. I pride myself on being a meticulous and organized individual who has done his Bachelors in Medical Technology and currently pursuing my Master's in the same course from Sher-e-Kashmir Institute of Medical Sciences. I belong to the beautiful valley of Kashmir, and my hometown is Srinagar. I am the elder sibling of my younger brother. As far as my strengths are concerned, I am effectively communicative, optimistic, reliable, a team player, and time-efficient. My weaknesses are that I am an honest person and I tend to be blunt, and sometimes, I like to work alone. I am passionate about content writing, online gaming, and learning new things, especially languages (currently German). I have written two papers for my University degree, which helped me immensely in learning how to write effectively. I am confident in my writing skills, and I can effectively pour my thoughts out in writing and express myself so that the reader relates to it and is intrigued by the content. I love to play with my pet cat, and she is a darling to me. The thing that I dislike the most is being distracted when you are in the zone. Currently, I am a content writer in a dynamic work environment at Shouzy, ready to improve readers' satisfaction and increase retention levels.

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