Who Owns LEONI Company?

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Who Owns LEONI AG?

Understanding LEONI AG's ownership is key to its strategy. Chinese manufacturer Luxshare recently acquired a majority stake, significantly altering its future.

LEONI AG, a global leader in wires and cable systems, has a rich history dating back to 1569. Its evolution into a provider of intelligent energy and data management solutions for various industries, including automotive and communication, highlights its adaptability.

The ownership landscape of LEONI AG has seen significant shifts. Initially a publicly traded entity, its trajectory was notably influenced by Austrian investor Stefan Pierer. The most impactful recent development is the acquisition of a majority stake by Luxshare, a prominent Chinese electronics manufacturer. This strategic partnership, finalized in July 2025, positions LEONI for a new phase of growth and integration within a larger global network. Analyzing LEONI's market position and strategic direction requires understanding these ownership changes, which have reshaped its operational framework and future prospects. For a deeper dive into its competitive environment, consider a LEONI Porter's Five Forces Analysis.

In 2024, LEONI AG reported consolidated sales of EUR 5 billion, supported by a workforce of approximately 87,000 employees spread across 21 countries. This global footprint and financial performance underscore its significance in the market, making the recent ownership changes particularly noteworthy.

The origins of LEONI trace back to 1569 when Frenchman Anthoni Fournier established a workshop in Nuremberg, specializing in fine gold and silver wires for precious embroidery. The formal entity, Leonische Werke Roth-Nürnberg AG, was officially formed on April 23, 1917, through the consolidation of three existing companies.

Early Wire Production

Anthoni Fournier's workshop in Nuremberg was the genesis of LEONI's wire manufacturing. This early focus was on producing high-quality gold and silver wires.

Formal Company Establishment

Leonische Werke Roth-Nürnberg AG was officially established in 1917. This marked a significant consolidation of three distinct companies into a single entity.

Public Offering

LEONI became a publicly traded company in 1923. This move was strategic, aiming to secure capital for expansion into new markets.

Market Expansion

The capital raised from the 1923 public listing facilitated expansion into the burgeoning electrical and automotive sectors. The company focused on wires and round strands.

Adaptation to Industry Needs

The company's strategic shift towards cable assembly, particularly for the automotive industry from the 1950s, demonstrated a commitment to evolving industrial demands.

Early Ownership Structure

While precise early equity splits are not detailed, the 1923 public listing suggests a broadening of LEONI's ownership beyond the founding families.

The public listing in 1923 was a pivotal moment for LEONI, indicating a transition towards a more diversified ownership base beyond the initial founding families. This strategic move allowed the company to access capital necessary for its expansion into new markets, particularly the rapidly growing electrical and automotive industries. The company's subsequent focus on wires and cable assembly, especially for the automotive sector starting in the 1950s, reflects the founders' foresight in aligning with emerging industrial needs and the broader Growth Strategy of LEONI.

Key Milestones in LEONI's Early Ownership

LEONI's journey from a small workshop to a publicly traded company involved significant structural and ownership changes. Understanding these early phases is crucial for grasping the company's development.

• Founding of the initial wire workshop by Anthoni Fournier in 1569.
• Formal establishment of Leonische Werke Roth-Nürnberg AG in 1917 through a merger.
• Public listing in 1923 to secure capital for expansion.
• Expansion into electrical and automotive industries with wires and round strands.
• Adaptation to market demands with a focus on cable assembly from the 1950s.

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LEONI AG's ownership has seen a dramatic shift, transitioning from a publicly traded entity to private ownership and then to a majority-owned subsidiary of a strategic partner. These changes were driven by significant financial restructuring and a move to enhance global market position.

Following a comprehensive restructuring process that concluded in July 2023, Austrian investor Stefan Pierer emerged as the sole shareholder of LEONI AG. This move was facilitated by a EUR 150 million cash injection and a substantial reduction of approximately EUR 708 million in financial liabilities. This restructuring, executed under the German Corporate Stabilization and Restructuring Act (StaRUG), resulted in the cancellation of existing equity, with Pierer's entity becoming the sole subscriber of new shares, effectively changing the LEONI ownership landscape entirely.

Major Stakeholder Shift Post-Partnership

A pivotal development in LEONI AG's ownership structure occurred on July 10, 2025, with the finalization of a strategic partnership. This partnership significantly altered the LEONI company structure and the distribution of LEONI AG stock ownership.

• Luxshare-ICT secured a 50.1% majority stake in LEONI AG's Wiring Systems Division (WSD).
• TIME Interconnect Singapore, a subsidiary of Luxshare, acquired 100% of LEONI AG's Automotive Cable Solutions (ACS) division for EUR 320 million.
• The total valuation for these stakes reached approximately EUR 525.41 million.
• Stefan Pierer now holds the remaining 49.9% stake in LEONI AG, making him a significant minority shareholder.
• This strategic alliance is expected to bolster LEONI's market access, particularly in China, and enhance technological innovation, aligning with the company's Revenue Streams & Business Model of LEONI.

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Who Sits on LEONI’s Board?

As of April 25, 2025, LEONI AG's Board of Directors, specifically the Supervisory Board, is structured with equal representation from shareholders and employees, adhering to the German Co-determination Act. This board plays a crucial role in overseeing the company's strategic direction and business development.

Supervisory Board Role	Name	Affiliation/Position
Chairman	Friedrich Roithner	Member of the Executive Board & CFO of Pierer Konzerngesellschaft mbH
Shareholder Representative	Günther Apfalter
Shareholder Representative	Luis Carlos Gonzalez Jimenez
Shareholder Representative	Michaela Friepeß	Member of the Executive Board, Pierer Industrie AG
Shareholder Representative	Lingling “KK” Yuan	Executive Vice President, Luxshare-ICT
Shareholder Representative	Wanxiang “Gary” Li	General Manager, Luxshare Automotive Connection System
Employee Representative (Deputy Chairman)	Franz Spieß
Employee Representative	Mark Dischner
Employee Representative	Carolin Geist
Employee Representative	Martin Hering
Employee Representative	Sina Maier
Employee Representative	Klaus Wolff

Recent significant ownership shifts, particularly the majority acquisition by Luxshare and the substantial stake held by Stefan Pierer, have directly influenced the board's composition. This concentration of ownership means that voting power is largely consolidated within these major shareholders. The company's delisting and subsequent privatization in 2023, facilitated by the StaRUG restructuring, allowed for capital adjustments without the need for the typical 75% shareholder approval, highlighting the extent of control wielded by key investors. The current executive management team includes Klaus Rinnerberger as CEO, Harald Nippel as CFO, and Ingo Spengler as COO, all instrumental in guiding LEONI AG's operations.

LEONI AG Ownership and Control

Understanding who owns LEONI AG is crucial for grasping its strategic direction. The company's ownership structure has evolved significantly, with major investors now holding considerable influence.

• Stefan Pierer and Luxshare are the principal owners of LEONI AG.
• The Supervisory Board reflects this shift in LEONI AG ownership.
• Recent restructuring has concentrated LEONI company control.
• Identifying LEONI AG's largest shareholders is key to understanding its market position.
• The Brief History of LEONI details past ownership changes.

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What Recent Changes Have Shaped LEONI’s Ownership Landscape?

LEONI AG's ownership has seen a significant shift over the last few years, moving from a publicly traded entity to private ownership through a financial restructuring. This transformation has fundamentally altered who owns LEONI.

Event	Date	Impact on Ownership
Financial Restructuring (StaRUG)	2023	Led to delisting from stock exchange; existing public shareholders lost equity.
Stefan Pierer becomes sole shareholder	August 2023	Injection of €150 million capital; relief of €708 million in liabilities.
Luxshare-ICT acquires stake in WSD	July 10, 2025	Luxshare-ICT becomes majority shareholder (50.1%) of Wiring Systems Division.
TIME Interconnect Singapore acquires ACS	July 10, 2025	Acquisition of 100% of Automotive Cable Solutions division.
Stefan Pierer retains stake	Post-July 10, 2025	Holds a 49.9% stake in LEONI AG.

The recent developments have reshaped the LEONI AG owner landscape, with Austrian entrepreneur Stefan Pierer now holding a significant minority stake following a major transaction with Luxshare-ICT. This strategic partnership is poised to influence LEONI's market access and innovation trajectory.

Majority Stakeholder in WSD

Luxshare-ICT, a Chinese electronics manufacturer, now holds a 50.1% stake in LEONI's Wiring Systems Division. This positions them as the primary owner of this key business segment.

Full Ownership of ACS

TIME Interconnect Singapore, a Luxshare subsidiary, has acquired 100% of the Automotive Cable Solutions division. This means full control over LEONI's ACS operations.

Minority Stakeholder

Stefan Pierer, who initially became the sole shareholder, now retains a 49.9% stake in LEONI AG. His investment was crucial for the company's financial restructuring.

Strategic Implications

This new ownership structure is expected to boost LEONI's competitiveness, particularly by leveraging Luxshare's extensive network in Asian markets. The company is also targeting a 20% reduction in overall costs across all departments.

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