# Luxshare Precision finalizes $572M acquisition of Leoni

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.

- Type: Acquisition
- Announced: 2024-12-31
- Where: Germany
- Value: $572.0M
- Status: completed
- Products: wiring harnesses, high-voltage wiring harnesses, automotive Ethernet
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Leoni](https://endata.com/companies/23490.md) (target)
- [Luxshare Precision](https://endata.com/companies/60992.md) (acquirer)

## Sources

- [forshing.com](https://www.forshing.com/the-4-1-billion-acquisition-of-leoni-is-finalized-looking-back-at-luxshare-precisions-ambitious-acquisition-history/), 2025-07-20: "The $572 million USD purchase is not only a wiring harness factory, but also an 'entry ticket' to the European automotive industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.