Investments
5Partners & Customers
10Service Providers
1About Lear Corporation
The Lear Corporation is a Fortune 500 company with world-class products designed, engineered and manufactured by a diverse team of talented employees. As a leading supplier of automotive seating and electrical, Lear serves its customers with global capabilities while maintaining individual commitment. With headquarters in Southfield, Michigan, Lear maintains 221 locations in 36 countries around the globe and employs approximately 122,000 employees. Lear is traded under the symbol [LEA] on the New York Stock Exchange.
Lear Corporation Headquarter Location
21557 Telegraph Road
Southfield, Michigan, 48033,
United States
248-447-1500
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Fortune 500 Investor list
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Lear Corporation Web Traffic
Lear Corporation Rank
Latest Lear Corporation News
Jun 29, 2022
News provided by Share this article Joins deep leadership bench leading accelerating software and technology development program TOKYO and PALO ALTO, Calif., June 28, 2022 /PRNewswire/ -- Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation ("Toyota"), today announced that John Absmeier will join the Company as chief technology officer, effective July 25, 2022. Toyota created Woven Planet to help accelerate its transformation to a mobility company through the development of products and services that can improve quality of life by reinventing mobility for people, goods, and services. Absmeier's hiring reflects the growth of Woven Planet's software engineering and technology development capabilities following its acquisition of Lyft Level 5, CARMERA, and Renovo Motors in 2021. As CTO, Absmeier will apply his deep experience in the automotive and software industries to oversee the company's technical direction. In addition to advising on the adoption of new technologies, he will lead Woven Planet's engineering teams and the company's Security and IT divisions, splitting his time between Japan and the United States. COMMENT FROM JAMES KUFFNER, CEO, WOVEN PLANET "I am thrilled to welcome John to Woven Planet. His outstanding academic credentials, proven leadership, and extensive automotive, technology, and business experience makes him an incredible asset as we accelerate the development of advanced mobility products and services. Moreover, his servant leadership principles and values align very closely with who we are and what we believe is possible through mobility." COMMENT FROM JOHN ABSMEIER, CTO, WOVEN PLANET "I am honored and humbled to serve as Woven Planet's Chief Technology Officer," said John Absmeier. "It is an opportunity of a lifetime to help accelerate the company's mission to deliver safe, intelligent, human-centered mobility to all. Together with Toyota, we will delight customers with new and meaningful mobility experiences today and into the future. I look forward to helping in every way and with everyone along this amazing journey." Absmeier is a technology forward business leader with more than 25 years of experience leading software and technology programs at both start-ups and publicly traded companies globally. John joins Woven Planet from Lear Corporation, where he led all aspects of innovation and technology as the Chief Technology Officer. He previously served as Senior Vice President and General Manager at Harman International and Vice President of Smart Machines at Samsung Electronics, where he led the acquisition of Harman by Samsung. He started his career at Delphi, where he held multiple roles of increasing responsibility, including Managing Director of Delphi Labs @ Silicon Valley and Autonomous Driving as well as Business Director for Electronic Controls and Electrification in Asia-Pacific. Absmeier served in the U.S. Marine Corps and holds a Bachelor of Science in Mechanical Engineering from Purdue University, and Master of Science in Mechanical Engineering and Management of Technology from the University of California at Berkeley. He also serves on the board of directors of Sensata Technologies, the California Mobility Center, and Voltaiq companies. ABOUT WOVEN PLANET Woven Planet is building the safest mobility in the world. A subsidiary of Toyota, Woven Planet innovates and invests in new technologies, software, and business models that transform how we live, work and move. With a focus on automated driving, robotics, and Woven City, Woven Planet builds on Toyota's legacy of trust to deliver secure, connected, reliable, and sustainable mobility solutions for all. Learn more at https://www.woven-planet.global/en
Lear Corporation Investments
5 Investments
Lear Corporation has made 5 investments. Their latest investment was in CelLink as part of their Series D on February 2, 2022.
Lear Corporation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/16/2022 | Series D | CelLink | $250M | Yes | 8 | |
8/2/2017 | Series A - IV | |||||
2/13/2017 | Series D | |||||
9/13/2016 | Series C | |||||
2/3/2016 | Series A - III |
Date | 2/16/2022 | 8/2/2017 | 2/13/2017 | 9/13/2016 | 2/3/2016 |
---|---|---|---|---|---|
Round | Series D | Series A - IV | Series D | Series C | Series A - III |
Company | CelLink | ||||
Amount | $250M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 8 |
Lear Corporation Acquisitions
11 Acquisitions
Lear Corporation acquired 11 companies. Their latest acquisition was I.G. Bauerhin on May 20, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
5/20/2022 | Acquired | 2 | ||||
5/19/2022 | Acquired | 1 | ||||
10/28/2021 | Acquired Unit | 8 | ||||
3/25/2021 | ||||||
4/2/2019 | Other Venture Capital |
Date | 5/20/2022 | 5/19/2022 | 10/28/2021 | 3/25/2021 | 4/2/2019 |
---|---|---|---|---|---|
Investment Stage | Other Venture Capital | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired | Acquired Unit | ||
Sources | 2 | 1 | 8 |
Lear Corporation Partners & Customers
10 Partners and customers
Lear Corporation has 10 strategic partners and customers. Lear Corporation recently partnered with General Motors on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
3/9/2022 | Client | United States | Lear Selected as Supplier for 2024 Chevrolet Silverado EV. SOUTHFIELD , Michigan -- Lear Corporation , a global automotive-technology leader in seating and E-Systems , today announced that it has been selected by General Motors to supply front and rear seats to the 2024 Chevrolet pickup . | 1 | |
11/8/2021 | Vendor | United States | 1 | ||
11/1/2021 | Partner | China | 07:00 ET Lear, Shinry Forming Joint Venture for Onboard Vehicle Chargers SOUTHFIELD , Mich. , Nov. 1 , 2021 / PRNewswire / -- Lear Corporation , a global automotive technology leader in Seating and E-Systems , today announced that it has signed a definitive agreement to establish a joint venture with Shinry -LRB- 300745 . | 1 | |
11/1/2021 | Partner | ||||
6/16/2021 | Partner |
Date | 3/9/2022 | 11/8/2021 | 11/1/2021 | 11/1/2021 | 6/16/2021 |
---|---|---|---|---|---|
Type | Client | Vendor | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | China | ||
News Snippet | Lear Selected as Supplier for 2024 Chevrolet Silverado EV. SOUTHFIELD , Michigan -- Lear Corporation , a global automotive-technology leader in seating and E-Systems , today announced that it has been selected by General Motors to supply front and rear seats to the 2024 Chevrolet pickup . | 07:00 ET Lear, Shinry Forming Joint Venture for Onboard Vehicle Chargers SOUTHFIELD , Mich. , Nov. 1 , 2021 / PRNewswire / -- Lear Corporation , a global automotive technology leader in Seating and E-Systems , today announced that it has signed a definitive agreement to establish a joint venture with Shinry -LRB- 300745 . | |||
Sources | 1 | 1 | 1 |
Lear Corporation Service Providers
1 Service Provider
Lear Corporation has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired | Investment Bank | Financial Advisor, Sole Financial Advisor |
Service Provider | |
---|---|
Associated Rounds | Acquired |
Provider Type | Investment Bank |
Service Type | Financial Advisor, Sole Financial Advisor |
Partnership data by VentureSource
Lear Corporation Team
14 Team Members
Lear Corporation has 14 team members, including former Chief Executive Officer, Matthew Simoncini.
Name | Work History | Title | Status |
---|---|---|---|
Matthew Simoncini | Chief Executive Officer | Former | |
Dean Ackerman | President | Former | |
Ken Ford | Bosch Thermotechnik GmbH, The Bosch Group, and Tenneco | President | Former |
Miguel Casado | Chief Financial Officer | Former | |
John Absmeier | Harman International Industries, Samsung Electronics, Delphi, MobileAria, and United States Marine Corps | Chief Technology Officer | Former |
Name | Matthew Simoncini | Dean Ackerman | Ken Ford | Miguel Casado | John Absmeier |
---|---|---|---|---|---|
Work History | Bosch Thermotechnik GmbH, The Bosch Group, and Tenneco | Harman International Industries, Samsung Electronics, Delphi, MobileAria, and United States Marine Corps | |||
Title | Chief Executive Officer | President | President | Chief Financial Officer | Chief Technology Officer |
Status | Former | Former | Former | Former | Former |
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