LUXSHARE has acquired a 50.1% stake in LEONI AG, enhancing the company's market access and innovation capabilities while also acquiring its Automotive Cable Solutions division.

Target Information

LEONI AG, a leading provider of wiring systems for the automotive sector, has recently formed a transformative partnership with LUXSHARE, a prominent player in the electronics manufacturing field. The strategic agreement saw LUXSHARE acquiring a 50.1% stake in LEONI AG from Austrian entrepreneur Stefan Pierer, allowing the company to gain a powerful new shareholder. This partnership is expected to significantly enhance LEONI's market access, technological innovation, and overall financial stability.

Under this new arrangement, TIME Interconnect Singapore, a subsidiary of LUXSHARE, will also acquire LEONI AG's Automotive Cable Solutions (ACS) division. The combination of LEONI's deep-rooted connections within the European and American automotive industries and LUXSHARE's expansive reach in China is set to create a robust global platform, maximizing market potential for both entities.

Industry Overview

The automotive wiring systems industry is a critical segment driving innovation in modern automobiles. In Germany, where LEONI AG is headquartered, the automotive sector is a vital component of the economy