# TIME Interconnect Singapore to acquire Leoni's Automotive Cable Solutions division

TIME Interconnect Singapore, a joint venture between LUXSHARE-ICT and TIME Interconnect Technology, will acquire 100% of Leoni's Automotive Cable Solutions division, which spans 10 sites in seven countries and employs roughly 3,300 people.

- Type: Acquisition
- Announced: 2024-10-03
- Status: announced
- Products: automotive cable solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Leoni](https://endata.com/companies/23490.md) (target)
- [TIME Interconnect Singapore](https://endata.com/companies/80250.md) (acquirer)

## Sources

- [wirenet.org](https://wirenet.org/industry-news/germanys-leoni-agrees-to-be-acquired-by-luxshare-in-2-separate-transactions/), 2024-10-04: "Following the carve-out, ACS will continue operating as an independent automotive cable manufacturer."

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