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Leoni is a global supplier of electrical wiring systems and cables for the automotive industry. It designs, manufactures, and supplies wiring harnesses and cable assemblies that connect electrical components in vehicles, providing power and data transmission throughout a vehicle. The product work involves integrated harnesses, connectors, protective insulation, and module assemblies produced at scale in factories around the world to meet automotive OEM specifications. Compared with competitors, Leoni leverages a long history dating back to 1917, a broad international footprint, and deep experience as a dedicated automotive wiring systems partner, enabling large-scale production, consistent quality, and strong OEM relationships. Its goal is to support the evolving needs of the automotive sector by delivering reliable, high-quality wiring solutions and expanding its global manufacturing capabilities to power modern and future vehicle technologies.
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Nuremberg, Germany
Founded
1917
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Luxshare Precision announced the acquisition of Germany's Leoni AG and its subsidiary Leoni Kabel GmbH for €525 million (approx. ¥4.1 billion). Luxshare will acquire 50.1% of Leoni AG and 100% of Leoni Kabel GmbH. The acquisition aims to combine Luxshare's R&D and manufacturing capabilities with Leoni's global resources. Despite Leoni's recent financial struggles, the acquisition is expected to enhance Luxshare's global automotive wiring harness market presence.
Summary: 36Kr reports that Luxshare Precision plans to acquire a 50.1% stake in Leoni AG and 100% of its subsidiary Leoni Kabel GmbH. Post-transaction, Luxshare will hold the Leoni AG stake through Singapore Luxshare, while Hong Kong Luxshare and its subsidiary Huiju Technology will jointly hold Leoni Kabel GmbH through Singapore Huiju.
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Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Nuremberg, Germany
Founded
1917
Find jobs on Simplify and start your career today