Lear buys intellectual property from Autonet Mobile

Lear Corporation (NYSE: LEA) said it has acquired intellectual property and technology from Autonet Mobile, a Santa Rosa, California based developer of software and devices for automotive applications.

As part of the acquisition, Lear has hired key members of Autonet Mobile´s software and product development team.

Founded in 2005, Autonet Mobile´s technology directly connects on-board vehicle systems with cloud-based applications using proprietary data exchange capabilities via cellular networks.

The acquired intellectual property and technology will complement Lear´s industry-leading wireless capabilities and provide growth opportunities for Lear´s Electrical business. Combined with Lear´s expertise in embedded vehicle electrical distribution systems and related electronics capabilities, Autonet Mobile´s technology will help connect gateway modules with an array of features including over-the-air software update capabilities.

Lear Corporation (NYSE: LEA) is one of the world´s leading suppliers of automotive seating and electrical distribution systems. Lear serves every major automaker in the world, and Lear content can be found on more than 300 vehicle nameplates.