LUXSHARE Expands Global Reach with Leoni Acquisition
The LUXSHARE Leoni acquisition marks a major milestone for both companies in the global automotive wiring and systems market. LUXSHARE Precision Industry Co., Ltd. (LUXSHARE), a leading Chinese electronic connector manufacturer and Apple supplier, has agreed to acquire Leoni AG (Leoni) in two strategic transactions worth about $583 million.
Details of the Acquisition
As part of the first deal, LUXSHARE will purchase a 50.1% stake in Leoni AG and its Wiring Systems Division (WSD) from Austrian entrepreneur Stefan Pierer. The WSD operates six facilities in Germany—located in Kitzingen, Neu-Ulm, Munich, Rastatt, Wolfsburg, and Neuburg an der Donau. Together, they employ around 1,450 workers, with about 1,000 based at the Kitzingen site.
Leoni’s WSD develops high-performance wiring solutions and vehicle components. It leads the European market and ranks fourth worldwide in automotive wiring technology.
Strategic Benefits for Both Companies
The acquisition brings together Leoni’s strong European and American presence with LUXSHARE’s growing influence in Asia, creating a dynamic global platform. This partnership allows both companies to expand market access, improve efficiency, and drive innovation across key regions.
According to Leoni AG CEO Klaus Rinnerberger, this collaboration will sharpen Leoni’s competitiveness and speed up innovation. “With LUXSHARE as a strategic partner, we gain broader market access, stronger portfolios, and enhanced technological abilities,” he explained.
TIME Interconnect to Acquire Automotive Cable Solutions
In the second transaction, TIME Interconnect Singapore—a joint venture between LUXSHARE-ICT and TIME Interconnect Technology—will acquire 100% of Leoni’s Automotive Cable Solutions (ACS) division. The ACS unit spans 10 sites in seven countries and employs roughly 3,300 people.
Following the carve-out, ACS will continue operating as an independent automotive cable manufacturer. Moreover, it aims to grow its market position through innovation and strong international partnerships.
Strengthening Leoni’s Financial Stability
Investor Stefan Pierer stated that this new partnership supports Leoni’s ongoing financial recovery and long-term stability. Similarly, Grace Wang, Chairwoman and CEO of LUXSHARE Group, noted that the collaboration “marks a pivotal step toward building a global leader in automotive connectivity.”
By combining Leoni’s deep customer relationships with LUXSHARE’s advanced manufacturing capabilities, both companies are positioned to accelerate growth. As a result, they will deliver more integrated solutions and expand their shared commitment to innovation in the global automotive sector.