Chinese company completes previously announced deal for Germany’s Leoni AG
Luxshare-ICT has completed its acquisition of Leoni AG, taking a majority stake in the Wiring Systems Division while TIME Interconnect acquired the Automotive Cable Solutions unit. The deal expands market reach, strengthens supply chain integration, and supports Leoni’s restructuring and growth across Europe and Asia.
Leoni AG opens new plant in Morocco
Leoni AG Opens New Agadir Plant to Grow Commercial Vehicle Wiring Business Leoni AG has opened a new plant in Agadir, Morocco to produce wiring systems for the truck, powertrain, and off-road segment, strategically locating the site near major commercial vehicle manufacturers. The facility supports Leoni’s goal to expand faster than the global commercial vehicle market and strengthens Morocco’s […]