# Luxshare to acquire 51% stake in German wire harness supplier Leoni

Luxshare Precision Industry signed an agreement on September 17, 2024, to acquire a 51% stake in German wire harness supplier Leoni.

- Type: Acquisition
- Announced: 2024-09-17
- Where: Germany (Kitzingen, Neu-Ulm, Munich, Rastatt, Wolfsburg, Neuburg an der Donau), Germany
- Value: $583.0M
- Status: announced
- Products: wire harnesses
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Leoni](https://endata.com/companies/23490.md) (target)
- [Luxshare Precision Industry](https://endata.com/companies/40559.md) (acquirer)

## Sources

- [autonews.com](https://www.autonews.com/china/luxshare-acquire-51-stake-german-wire-harness-supplier-leoni/), 2024-09-19: "Luxshare Precision Industry signed the acquisition deal with Leoni on Sept. 17."
- [wirenet.org](https://wirenet.org/industry-news/germanys-leoni-agrees-to-be-acquired-by-luxshare-in-2-separate-transactions/), 2024-10-04: "With LUXSHARE as a strategic partner, we gain broader market access, stronger portfolios, and enhanced technological abilities."

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