Luxshare invests in Leoni
September 25, 2024
A new partnership has been established: With Luxshare's investment, Leoni AG, and its Wiring Systems Division (WSD), gain a powerful shareholder, enhancing market access, technological innovation, and financial stability.
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Leoni to gradually stop the production at Pleven
August 13, 2024
Leoni Bordnetz-Systeme GmbH plans to gradually reduce and eventually stop production at its subsidiary, Leoni Bulgaria EOOD, and its plant in Pleven by the end of the year. After this, the local entity will be closed. The company cites challenges in finding enough workers and severe inflation in Bulgaria as the main reasons for the decision.
Leoni's move to its "Factory of the Future" is completed
March 12, 2024
A new chapter in the story of Leoni and the City of Roth begins. Leoni Kabel GmbH has completed the relocation to its Factory of the Future.
Aldo Kamper officially joins ams OSRAM as CEO
April 03, 2023
Aldo Kamper has officially become active in his role as CEO and Chairman of the Management Board at the company.
Leoni opens Mexican expansion for automotive cable production
January 25, 2023
Leoni has officially opened the expansion of its automotive cables location in Cuauhtémoc, Mexico.
Leoni brings in new Chief Restructuring Officer
January 10, 2023
Since the buyer surprisingly refused to close the sale of the Business Group Automotive Cable Solutions (BG AM), Hans-Joachim Ziems joins Leoni as Chief Restructuring Officer, responsible for the necessary adjustment of the refinancing plan and its implementation.
Leoni: "STARK Corporation refuses to close the sale"
December 14, 2022
Leoni says that all the closing conditions for the sale of its Business Group Automotive Cable Solutions (BG AM) has been fulfilled. However, the buyer STARK has – according to Leoni – unexpectedly demanded very significant amendments to the purchase agreement.
Leoni sells its automotive standard and special cables business
May 24, 2022
The German supplier of wires, cables and wiring systems has sold its Business Group Automotive Cable Solutions (BG AM), to STARK Corporation.
Leoni expects impact on sales following the war in Ukraine
March 15, 2022
Leoni AG has decided to adjust its guidance for the 2022 financial year as a result of the war in Ukraine and the related economic impact.
German federal cartel office audits NKT's German sites
January 24, 2022
Just like Leoni, NKT A/S is reporting that searches are carried out at the company’s two main German sites, as part of a greater investigations by the German Federal Cartel Office into various power cable manufacturers.
German federal cartel office audits Leoni
January 19, 2022
Several Leoni Group sites were searched as part of an investigation carried out by the German Federal Cartel Office into various cable manufacturers and other industry-related companies.
Leoni sells fiber optics and j-plasma units
December 13, 2021
The automotive supplier says that it is selling its subsidiaries Leoni Fiber Optics GmbH, Leoni Fiber Optics, Inc. and j-plasma GmbH to a consortium of buyers around Weinert Industries AG.
Leoni to sell Business Group Industrial Solutions to BizLink
October 01, 2021
Leoni AG to reach a binding agreement with BizLink, an international provider of solutions for cables and connectivity services, on the sale of the Business Group Leoni Industrial Solutions. This step is subject to the approval of the board of the buyer.
Leoni's new Serbian plant to provide up to 5,000 jobs by 2023
September 13, 2021
Leoni has officially opened its fourth plant in Serbia, in the city of Kraljevo. The site is not only the biggest Leoni plant in Serbia, it also employs the largest number of people at full capacity (up to 5,000 by the end of 2023).
Pierer Industries makes an offer to Leoni shareholders
June 23, 2021
Pierer Industrie AG decided to offer to the shareholders of Leoni AG the purchase of up to 3,135,218 shares of Leoni AG.
Leoni expands robotics business with new Japanese partner
April 29, 2021
Leoni has appointed K.K. IRISU, a new exclusive distribution partner in Japan to expand its robotics business with Japanese automotive OEMs, TIERs and robot manufacturers.
160 jobs at Leoni's Stolberg site to be retained under new owners
March 31, 2021
Leoni plans to sell the data communication and compound business units to a consortium of buyers led by the current managing director.
Leoni sells WCS unit Leoni Schweiz AG
March 01, 2021
The German supplier of wires, cables and wiring systems has agreed to the sale of Leoni Schweiz AG, Switzerland to a consortium of buyers. Leoni Schweiz AG is the holding company of Leoni Studer AG, a specialist in high-quality cables and wires for complex applications in the industrial and infrastructure sectors.
Leoni’s sales and earnings take hit from Covid-19
August 12, 2020
The automotive industry is one of the most important business segments for German manufacturer Leoni. Considering the impact the current pandemic has had on this industry sector, Leoni’s business performance has been significantly affected by the pandemic too.
Leoni expects a heavy hit from COVID-19
March 23, 2020
Leoni AG says that the company expects considerable burdens on sales, earnings and liquidity stemming from the economic uncertainties associated with the spread of COVID-19. The level of this impact is not foreseeable at this stage.
Leoni expands with a clear focus on electromobility
March 13, 2020
Leoni, is celebrating the 20th anniversary of its Wire & Cable Solutions Division (WCS) location in Cuauhtémoc, Mexico, with a plant expansion and a focus on electromobility.
Leoni to expand its production plant in Mexico
August 15, 2019
Leoni says that the company is broadening its commitment to electromobility. With this new expansion work, the company’s Wire & Cable Solutions Division (WCS) will be enlarging its facility in Cuauhtémoc, Mexico by 7000 square metres with the option for a further 3000 square metres.
Leoni considers sale of its Wire & Cable Solutions division
July 10, 2019
German manufacturer Leoni AG, based in Nuremberg, is preparing a separation of its Wire & Cable Solutions (WCS) division through a a stock market listing or sale, including the option of a partial sale.
Leoni appoints Ingrid Jägering as CFO
May 22, 2019
Leoni announces that the company has appointed Ingrid Jägering as Chief Financial Officer. She will take office at the latest on 1 October 2019. There are currently negotiations about her taking office at an earlier point in time.
Leoni and relayr enter strategic partnership
April 05, 2019
Leoni and Industrial Internet of Things (IIoT) solutions provider, relayr, are entering a strategic partnership. The companies will jointly work on linking intelligent cable and automation systems with innovative IoT technologies.
Leoni needs to stabilise its business – plans headcount reduction
March 18, 2019
Given the significantly greater costs connected to the ramp-up difficulties at the plant in Merida, Mexico, coupled with the persistently poor performance in the Wiring Systems Division and a further downturn in the market, Leoni says it cannot maintain its guidance for 2019.
Disappointing end to fiscal 2018 for Leoni
February 11, 2019
Due to disappointing earnings performance in the fourth quarter 2018 leads Leoni to intensify measures to stabilise its business.
Leoni and Hengtong form JV to manufacture singlemode fibers
January 31, 2019
Leoni and Hengtong Optic-Electric Co., Ltd., a supplier of cable and system solutions for the telecommunications and energy sectors, are joining forces to jointly produce singlemode fibers for telecommunications and data networks in Jena, Germany for the European market.
Leoni tasked to get Volkswagen ready for production of EVs
December 18, 2018
Leoni says it has been awarded a contract by Volkswagen to equip 1’300 robots with the dresspack solution LSH 3 for the production of EVs on the modular electric platform MEB at the carmakers production site in Zwickau.
Leoni places borrower’s note loan for more than EUR 300 million
December 12, 2018
Leoni AG says that it has successfully placed a borrower’s note loan (Schuldscheindarlehen) in the amount of EUR 331 million. The borrowed funds will make a major contribution to providing the long-term finance for the group’s future development.
A volatile market forces Leoni to rethink its guidance
October 22, 2018
The German cable manufacturer says that it has adjusted its guidance for fiscal 2018 to the latest market and business developments.
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