Loading…

Luxshare Precision completed the acquisition of a 50.1% stake in Leoni Group and 100% of Leoni Kabel GmbH for $572 million in 2024. The deal gives Luxshare access to Leoni's global wiring harness business serving over 80% of global automobile brands.
“The $572 million USD purchase is not only a wiring harness factory, but also an 'entry ticket' to the European automotive industry.”forshing.com
Summarized from public sources; check the original articles before acting on it.