Mergers & Acquisitions Mergers & Acquisitions

Lear files acquisition of heated-seats leader IGB for EU review

By Karoline Del Vecchio
  • 16 Mar 2023 10:24
  • 16 Mar 2023 11:10
US automotive seating products supplier Lear has requested EU approval for its plan to buy global seat-climate-control leader IG Bauerhin, according to an update today on the European Commission's register of deals. 

The regulator has set an April 24 deadline to decide on the deal.

Last May, Lear announced it had struck a definitive

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Karoline Del Vecchio

Senior Research Assistant

Karoline holds a degree in translation studies and EU law from Mainz University, Germany. Before joining MLex, she worked for the German Steel Federation and U.S. law firm Latham & Watkins in Brussels where she reported on EU affairs and worked as a legal researcher, providing global monitoring services on EU competition law, trade and regulatory matters. Karoline's working languages are German, English, French, Spanish, Italian and Polish.

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