# Leoni to sell Industrial Solutions business to BizLink for EUR 450M enterprise value

Leoni AG will reach a binding agreement to sell its Business Group Leoni Industrial Solutions to BizLink Holding Inc. The activities generated sales of about EUR 430 million in FY2020 and are valued at an enterprise value of around EUR 450 million. Closing is expected in early 2022.

- Type: Acquisition
- Announced: 2021-10-01
- Where: Germany
- Value: $520.0M (450.0M EUR)
- Status: announced
- Products: industrial wiring and cable solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Leoni](https://endata.com/companies/23490.md)
- [Bizlink Holding](https://endata.com/companies/23978.md) (acquirer)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2021-10/54088331-leoni-to-sell-business-group-leoni-industrial-solutions-to-bizlink-020.htm), 2021-10-01: "Leoni AG said it will reach a binding agreement to sell the Business Group Leoni Industrial Solutions to BizLink Holding Inc."

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