Leoni K
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”),…