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electricitymoveknowhome news,on september 17, 2024, stefan pierer, an austrian entrepreneur and major shareholder of the famous german automotive wiring harness manufacturer leoni group, and the chairman of luxshare precisionwang laichun(grace) signed the equity sale agreement in nuremberg.

according to the agreement,luxshare will acquire 50.1% of the shares of leoni group and hold 100% of leoni's automotive wiring harness business unit.

wang laichun, chairman of luxshare precisionhe said: "we are very pleased to reach this cooperation. we will further integrate our strength, expand our global business layout, drive innovation, and provide customers with higher value!"

the leoni group is a well-known german automotive parts supplier, with its main business in cables, wires and wiring harness system solutions, which are widely used in the automotive manufacturing industry, communications industry, medical equipment industry and other fields, and has a history of more than 100 years. the leoni group has two core businesses, namely the automotive cable business unit and the wiring harness system business unit.