© leoni ag
Business | August 16, 2016
Someone has stolen EUR 40 million from Leoni
German cable manufacturer Leoni has been the target of criminal activities, which resulted in the "outflow of liquidity totalling around EUR 40 million."
The ad-hoc announcements reads as follows:
"Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraudulent activity with the help of falsified documents and identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad."
"The Management Board immediately launched an investigation into the events and is currently assessing claims for damages and insurance claims. It has also reported the matter to the police criminal investigators. The damage amounts to an outflow of liquidity totalling around EUR 40 million. The criminal activities have not affected the IT infrastructure or data security."
"The extent to which the damage will affect the projected net income for the year cannot at present be assessed. The liquidity situation of the Leoni Group has not been adversely affected in any material way. The performance of Leoni’s operations is in line with the forecast."
"Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraudulent activity with the help of falsified documents and identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad."
"The Management Board immediately launched an investigation into the events and is currently assessing claims for damages and insurance claims. It has also reported the matter to the police criminal investigators. The damage amounts to an outflow of liquidity totalling around EUR 40 million. The criminal activities have not affected the IT infrastructure or data security."
"The extent to which the damage will affect the projected net income for the year cannot at present be assessed. The liquidity situation of the Leoni Group has not been adversely affected in any material way. The performance of Leoni’s operations is in line with the forecast."
Voltabox withdraws from acquiring Navitas
Voltabox AG, together with its US subsidiary Voltabox of Texas, Inc., makes use of its...
WĂĽrth at Electronica on current and future investment
We managed to steal a few minutes to have a chat with Alexander Gerfer from WĂĽrth...
GKN Aerospace signs USD 66 million contract for F135 components
GKN Aerospace Norway has signed an eight-year agreement with Pratt & Whitney for...
Pickering invests ÂŁ5M in UK and Czech facilities to meet demand
The Pickering Group is undergoing a significant expansion at its UK and Czech...
Ad
An ever changing market keeps Avnet on its toes
Evertiq had the opportunity to talk to Georg Steinberger, VP Communications Avnet EMEA...
Marvell opens new facility in Singapore
Marvell Technology has officially opened its Operations Centre of Excellence at the Tai Seng...
EVG & Plessey to drive GaN-on-Si monolithic microLED technology
Plessey has entered into a collaboration with EV Group (EVG) to bring high-performance...
Murata to expand multilayer ceramic capacitors production
Murata says that its subsidiary, Wuxi Murata Electronics Co., Ltd., located in Wuxi City, Jiangsu Province, China will commence construction of a new production building during November 2018.
Sponsored content by Comarch
Asset Tracking Systems: Leveraging Effectiveness in Innovative Factory
Improving employee time management and ever more effective asset utilization are common challenges for all managers. Asset tracking systems are innovative solutions supporting factories, hospitals, administration units and all...
ERNI and Amphenol ICC sign Second-Source Agreement
ERNI and Amphenol ICC have entered into a second-source agreement covering the...
SMTC acquires MC Assembly Holdings
SMTC has acquired all outstanding shares of MC Assembly. The purchase price at...
Arrow expands agreement with Cree’s Wolfspeed division
Arrow Electronics has expanded its agreement with Cree’s Wolfspeed division. The new...
UMC: "Our DRAM technology design is different"
“There is a misimpression that UMC did not have any DRAM knowledge or...
European semiconductor distribution keeps growth momentum in Q3/2018
DMASS reports 6.3% growth in semiconductor distribution for Q3/CY18. Growth ranges vary...
Infineon acquires silicon carbide specialist Siltectra
Infineon acquires Siltectra GmbH, a start-up based in Dresden. The start-up has developed technology (Cold Split) to process crystal material efficiently and with minimal loss of material.
Aurelius takes over wholesale company Hellanor in Norway
The lighting and electronics specialist Hella sells the Norwegian company Hellanor...
TDK Electronics teams up with Aito in piezo haptics
TDK Electronics is joining forces with Aito, a specialist in controller solutions for piezo...
Fusion Worldwide expands its international footprint
The distributor says that it has – significantly – expanded its operations in Singapore...
Yaego buys land in Taiwan – plans capacity expansion
The board of directors of Yageo Corporation have passed a resolution to acquire a plot of...
Infineon & NEXT Biometrics team up on smart card reference...
Infineon has teamed up with Norwegian fingerprint sensor technology supplier, NEXT...
South Korean producer to set up copper foil plant in Hungary
South Korean Doosan has chosen Hungary as the location for its new copper foil plant.
Bosch invests €1 billion into new wafer fab in Dresden
Every car nowadays makes use of semiconductors, and that has been true for quite a while. In 2018, every new vehicle featured semiconductors worth 370 dollars, and thanks to increasing electrification and automation, demand...
Related news
Most Read
Load more news
