SOUTHFIELD, MI — Lear Corp. has acquired GHW Grote & Hartmann GmbH, a manufacturer of electrical components based in Wuppertal, Germany.
Grote & Hartmann manufactures terminals and connectors, junction boxes and machinery to produce wire harnesses, primarily for the automotive industry. The company had 2003 sales of $275 million, with 75 percent in Europe, 15 percent in North America and 10 percent in the rest of the world.
The acquisition is part of Lear’s strategy to grow its electronics and electrical distribution systems business and further diversify its sales. Terms of the agreement were not disclosed.
For more information about Lear, go to: www.lear.com.
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