# Luxshare Precision to acquire 50.1% stake in Leoni and 100% of Leoni K

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.

- Type: Acquisition
- Announced: 2024-09-17
- Where: Nuremberg, Germany, Germany
- Value: $585.0M (525.4M EUR)
- Status: announced
- Products: automotive wiring harnesses, cable systems
- 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)
- [Leoni Kabel](https://endata.com/companies/79863.md) (target)
- [TIME Interconnect Technology](https://endata.com/companies/79934.md) (partner)

## Sources

- [welltekcorp.com](https://www.welltekcorp.com/news/luxshare-to-acquire-stake-in-leoni.html), 2024-09-17: "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."
- [ml-vehicle.com](https://www.ml-vehicle.com/news/luxshare-precision-invests-4-1-billion-yuan-b-80921945.html), 2024-09-19: "Luxshare Precision, as a strong strategic partner, will significantly enhance LEONI's competitiveness in various areas - from expanding the product portfolio and market access to boosting technological capabilities and production."

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