Lear Corp. (NYSE:LEA) agreed to acquire Valencia Seats plant from Johnson Controls Inc. (NYSE:JCI) for €15 million on December 15, 2013. Under th terms of deal, transfer of assets will also include transfer of all the employees of the factory. Mario Ibáñez, Antonio Guerra, Tomás Arranz, Juan Pablo de la Cuesta and Eduardo Bagaría of Uría Menéndez Abogados, S.L.P. acted as legal advisors to Lear Corp. Baker & Mackenzie acted as legal advisor to Johnson Controls.

Lear Corp. (NYSE:LEA) completed the acquisition of Valencia Seats plant from Johnson Controls Inc. (NYSE:JCI) on January 17, 2014.