ITBEAR

Major Acquisition: Luxshare Precision Pays 4.1 Billion Yuan for Leoni Group, a Top Player in Automotive Wiring Harnesses

September 20, 2024 – On September 17th, Leoni AG, a renowned manufacturer of automotive wire harnesses, signed a share purchase agreement with Chinese company Luxshare Precision. Under the terms of the agreement, Luxshare Precision will acquire 50.1% of Leoni Group’s shares and 100% of its wholly-owned subsidiary, Leoni Kabel (hereinafter referred to as “Leoni K”),…

Read More

5 Key Motivations for Distributed Database Adoption in the Telecom Industry

The communications industry is on a continuous upward trajectory, which has resulted in a massive surge in data consumption, the proliferation of connected devices, and the increasing demand for high-speed networks. With this rapid expansion comes unprecedented challenges in managing, storing, and processing vast amounts of data. However, legacy enterprise database systems are challenging to…

Read More