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Luxshare Precision will acquire 50.1% of Leoni AG's shares and 100% of its subsidiary Leoni Kabel for a total of 525.41 million euros, marking an expansion in automotive wiring harness business.
“This acquisition will help the company achieve resource sharing, complementary advantages, and strategic synergy with Leoni, quickly forming a differentiated competitive advantage for the company in the global automotive wiring harness field.”welltekcorp.com
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