Published 09/19/2024 10:30:57 a.m.

China flies to the aid of a European equipment manufacturer adrift

Summary by autoplus.fr

Leoni, one of the main manufacturers of automotive cables in Germany, announced this week its acquisition by the Chinese group Luxshare, a specialist in electronic connectors. This move comes at a critical moment for Leoni, which has recently undergone a restructuring due to the upheavals associated with the transition to electricity in the automotive industry. A transaction worth 320 million euros The Austrian entrepreneur Stefan Pierer, sole o…

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China flies to the aid of a European equipment manufacturer adrift

Leoni, one of the main manufacturers of automotive cables in Germany, announced this week its acquisition by the Chinese group Luxshare, a specialist in electronic connectors. This move comes at a critical moment for Leoni, which has recently undergone a restructuring due to the upheavals associated with the transition to electricity in the automotive industry. A transaction worth 320 million euros The Austrian entrepreneur Stefan Pierer, sole o…

09/19/2024 10:30:57 a.m.

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