Leoni AG

Company Profile

■URL

https://www.leoni.com

■Address

Marienstrasse 7, 90402 Nuremberg, Germany

Business Overview

-The Company provides products, solutions, and services for energy and data management in the automotive industry. Its portfolio includes standardized cables, special cables, complex wiring systems, cable harnesses, and related components.

-As of the end of the fiscal year ending December 31, 2023, the Company is organized into two operating divisions: Wiring Systems Division and Automotive Cable Solutions. The Company also previously had another division, the Wire & Cable Solutions division. At the end of 2023, the Company completed the gradual disposal of businesses and sub-segments of the Wire & Cable Solutions division, selling Business Group Wire Products & Solutions to a financial investor. Activities and operations of the Company’s current two divisions are as follows:

Wiring Systems Division: One of the world’s largest providers of complete wiring systems and customized cable harnesses for the automotive industry.
Automotive Cable Solutions: A leader in standard, special, and charging cables for the automotive industry.

-In March 2023, the Company’s lenders and major creditors, along with Stefan Pierer as a strategic investor, agreed on a financial restructuring plan for the Company, under the German Corporate Stabilization and Restructuring Act (StaRUG). As part of the restructuring plan, a fully owned subsidiary under Stefan Pierer contributed EUR 150 million of new capital to the Company for 100% of its equity. In addition, the Company was relieved of approximately half of its financial liabilities by contributions from creditors through a haircut totaling EUR 708 million. The restructuring plan was approved by financial creditors and shareholders on May 31, 2023, and confirmed by the restructuring court on June 21, 2023. The takeover was completed on August 18, 2023, making Stefan Pierer the sole shareholder of the Company.

Shareholders

-The Company is a privately owned entity, under a sole shareholder, Stefan Pierer. On August 18, 2023, the Company completed the capital measures for its restructuring plan that it had agreed to with its lenders and creditors and Stefan Pierer. This led to the cancellation of the Company’s existing shares and its delisting from the Frankfurt Stock Exchange.

Access the latest exhibition info.
Click for a free trial!

Products

Wiring Systems
-Complete wiring systems including integrated electronics
-Conventional cable harnesses
-Preformed cable harnesses
-Cable harnesses using flat cable technology
-Cable assemblies for ABS, EPS and other vehicle safety systems
-Engine harnesses
-Battery cables
-High-voltage harnesses
-Technical sub harnesses
-Overmolded connectors
-Zonal wiring harnesses
-Body harnesses
-Communication harnesses
-Charging harnesses
-Auxiliary harnesses
-Traction harnesses
-Minor harnesses
-Intelligent power distribution systems
-Electromechanical power distribution systems
-Wiring system components (cable leadthroughs, cable ducts, fasteners, mounts, fuse boxes, etc.)
-Electronic components (controllers)
-Zonal controllers
-Intelligent Power Distribution Switches (iPDS)
-Intelligent Power Distribution Modules (iPDM)
-Power distribution boxes
-Pre-fuse boxes
-System integrated data cables
-Harness attached parts
-Y/X splitters
-Instrument wiring
-Adapter cables
-Prefabricated modules (inside roof linings, door modules, etc.)
-Cable sets for HVAC
-Cable sets for the air-conditioning of HV batteries
-Cable channels and brackets
-Grommets
-Battery junction boxes
-Battery cell connectors
-Cables for internal wiring of electric charging systems
-Glow plug connectors
-Axle connectors
-Power Y-splitter
-Ultra-thin automotive cables
-Sensors

Brake pad wear sensors
Temperature sensors
ABS sensor leads
Tire pressure sensors
Engine management sensors

-Lighting systems for specialty vehicles
-Dashboards for specialty vehicles
-Circuit boards for specialty vehicles

Automotive Cables
-Shielded single-core cables
-Unshielded single-core cables
-Aluminum battery cables
-Leoni Fluy slim and light single-core cables
-Leoni Mocar high temperature cables
-Leoni Adascar multi-core cables
-Leoni Hivocar high-voltage cables
-Leoni Dacar automotive ethernet cables
-Leoni Dacar coaxial cables
-Leoni exFC extruded flat cables
-Leoni Dacar multi-core data transmission cables
-Leoni Adascar multi-function cables
-Leoni Adascar sensor cables
-Leoni EcoSense AC charging cables
-Leoni EcoSense Nxt & Nxt+ optimized AC charging cables for improved handling
-Leoni EcoSense DC charging cables
-NACS cable solutions
-High Power Charging (HPC) cables
-Single-core harmonized cables
-Multi-core harmonized cables
-Rubber cables
-Customized cable solutions
-Leomer customized compounds
-Alternative materials
-Flexible power cables
-Solid aluminum power cables
-Cables with innovative conductor materials to reduce weight

View latest major parts supplier agreements.
Click for a free trial!

History

1569	The first workshop for the manufacture of Lyonese Wares was founded in Nurnberg by Anthoni Fournier.
1621	Fournier's sons established other workshops for the manufacture of Lyonese Wares south of Nürnberg, including one in Roth. This gave rise to several other companies -Johann Balthasar Stieber & Sohn, Nuremberg -Johann Philipp Stieber, Roth und die -Vereinigte Leonische Fabriken, Nuremberg
Apr. 1917	The 3 companies Johann Balthasar Stieber & Sohn of Nuremberg, Johann Philipp Stieber of Roth, and Vereinigte Leonische Fabriken of Nuremberg merged to form Leonische Werke Roth-Nurnberg AG.
1928	Production of enameled wire.
1931	Change of the Company name to Leonische Drahtwerke AG, Nuremberg. Production of rubber sheathed cables.
1943	Production of PVC insulated cables.
1948	Production of power cords (cord sets).
1956	Start of cable assembly manufacturing.
1967	Kitzingen plant was built (cable harness production)
1969	Kotzting plant was built (enamelled wire production)
1977	Subsidiaries Câbleries de Sousse, Tunisia (cable harness production) and ExpressKabel, Nuremberg, Germany (cable trading company) were established.
1978	Leonische France is set up as a sales office.
1981	Takeover of the former Grundig plant in Neuburg/Donau, Germany (cable assembly).
1983	Leonische U. K. was established (sales office).
1985	Subsidiaries Cableries de Centre, Tunisia (cable harness production) and L. D. Intercon, Ireland (cable assembly - today LEONI Ireland) were established.
1986	Lewron Kabeltechnik Berlin GmbH & Co. KG, Berlin, Germany, was founded (cable production and assembly).
1989	Takeover of Westfalische Kupfer- und Messingwerke AG, Ludenscheid, Germany (production of wires and strands) and of Kabelfabrik Otto Zimmermann (OZET), Lilienthal, Germany (production of cables and cable harnesses).
1990	Foundation of Leonische of America, Chicopee, USA (wires and stranded conductors).
1991	Takeover of aurnhammer+benedict GmbH & Co. KG, Weissenburg, Germany (wires and stranded conductors production) and foundation of Leonische Portugal (wiring harness production).
1992	Establishment of LEONI Hungaria, Eger, Hungary (wiring harness production) and Leoni Slovakia, Nova Dubnica, (cable assemblies).
1993	Foundation of Leoni Autokabel Slovakia, Trencin (wiring harness production), of LEWRON Kabeltechnik Polska, Torzym, Poland (cable assemblies) and joint venture of Leoni-EPAN, Singapore with production facilities in China (Xiamen and Changzhou).
1994	Leoni Cable Assemblies, Logansport (today in Tucson), USA, was established (cable assemblies).
1995	Foundation of Leoni Autokabel Polska, Ostrzeszow, Poland (wiring harnesses) and takeover of the Italian companies Felisi S.p.A., Milan, and Somea S.p.A., Corropoli (wires and stranded conductors).
1996	Takeover of the company Temco Ltd. Stanford, England (wires and stranded conductors). Takeover of EPAN shares and change of name from EPAN-Leoni to Leonische of Asia, Singapore.
1997	Takeover of wiring harness production of the Hella company in South Africa and foundation of Leonische (South Africa), Uitenhage (cable harnesses). Change of trade name of Lewron Kabeltechnik, Berlin to Lewron Kommunikationstechnik & Consulting GmbH, Berlin, Germany. Takeover of wiring harness business activities of Cummins Engine Company Inc., Columbus, USA and integrating it into LEONI Wiring Systems Inc., Tucson (formerly LEONI Cable Assemblies Inc.). Foundation of Leoni Cable Mexico, Hermosillo. Foundation of LKH, Leonische Kabelwerke Kft. Htavan, Hungary (cable production).
Jul. 1998	The Company's subsidiary in Poland, Leoni Autokabel Polska, announced that it had received a contract to supply Opel with cables.
Oct. 1998	Foundation of a joint-venture with Automotive Wiring Systems in Pune, India, to produce wiring harnesses. The Company has a 51% stake.
Nov. 1998	Opening an office in Detroit, USA, to be closer to its American customers. The Company plans to expand its operations in the USA.
1998	Integration of the company OZET Lilienthal, Germany (cable harnesses) into Leonische Drahtwerke AG. Merging of the subsidiaries CDC and CDS Tunisia to Leonische Tunisie (cable harnesses). Takeover of the companies CWA, Belgium, now LEONI Cable Assemblies (Belgium) N.V. (cord sets) and elocab, Georgensgmund, Germany (special cables). Foundation of Leoni Wiring Systems (East London) in South Africa (cable harnesses) Foundation of Leoni Cable Inc., Mexico (cable). Foundation of Leoni Automotive do Brasil Itu., Brazil (cable harnesses).
Jan. 1999	Establishment of a holding structure. Leonische Drahtwerke AG became LEONI AG and solely functions as a holding company. The strategic business is run by the three companies. -Leoni Draht GmbH & Co. KG -Leoni Kabel GmbH & Co. KG -Leoni Bordnetz-Systeme GmbH & Co. KG
Feb. 1999	Acquisition of the French company Nicolitch SA, a European leader in the area of flexible circuit boards, which expanded Company's product portfolio.
Mar. 1999	Agreement with the cable manufacturer AFL Michels to take over one of the latter's production plants in Wiedenbrucker, Germany. Constructed a modern cable plant in Cuauhtémoc, Mexico, in order to be in close proximity to UTA.
Oct. 1999	Acquisition of the companies Siemens Automobiltechnik Leitungen GmbH & Co. KG and Siemens Automobiltechnik Komponenten GmbH & Co. KG which used to be part of Siemens AG.
Dec. 1999	Acquisition of another part of Siemens' cables business (Siemens Automobiltechnik Leitungen GmbH & Co. KG) and its components operations (Siemens Automobiltechnik Komponenten GmbH & Co. KG). These groups produce automotive cables and sensors for the European automotive industry at Brake, Germany. This purchase made the Company a leading European automotive cable supplier.
2000	Establishment of Leoni Cable Slovakia spol. s.r.o, Stara Tura (Slovakia). Production program: cable assemblies and car kits for mobile phones.
Jan. 2000	Incorporation of Leoni Wiring Systems (Changzhou) Co., Ltd., China.
Mar. 2000	Takeover of Lucas Rists Wiring Systems in England from the American TRW group. Leoni Wiring Systems opened new wiring harness manufacturing facility in Arad, Romania.
May 2000	Establishment of Leoni Cabos do Brasil Ltda., Sao Paulo, Brazil.
Aug. 2000	Foundation of the Polish plants Leoni Draht Polska Sp. z o. o., Kobierzyce, production program: wires and strands for the cable production. Foundation of LEONI Kabel Polska Sp. z o. o., Kobierzyce, production program: automotive wires.
Sep. 2000	Opening of newly constructed cable factory, Leoni Cable S.A. de C.V. in Cuauthemoc, Mexico.
Oct. 2000	Leoni Kabel GmbH & Co. KG acquired a 51% interest in the Protec Kabel Produktion GmbH, Schmalkalden, Germany. The products of Protec is ready-to-fit special cable tubes for industrial robots. The business of the Protec Kabel GmbH, has been taken over and will be continued under the new name Leoni Spezialkabelhandel GmbH.
Dec. 2000	Opening of wiring systems facility, Leoni Wiring Systems (East London) Ltd., East London, the second plants in South Africa. Leoni Kabel GmbH & Co. KG acquired Siemens Kablo Sytemleri Sanayi ve Ticaret Limited Sirketi, Turkey. The manufacturer of automotive wires will continue under the name Leoni Kablo Turkiye.
Mar. 2001	Leoni Bordnetz-Systeme GmbH & Co. KG established a joint venture company, Inteldis (Integrated Electronic Distribution Systems) in Wurzburg, with the lighting and electronics supplier Hella KG Hueck & Co., with a 50% share for each company. The Company is responsible for the wiring harness architecture and the development of networking structures, and Hella is for electronics.
Jul. 2001	Hella KG Hueck & Co. and the Company signed a joint-venture agreement to develop new, intelligent wiring systems for the automobile industry. The name of the new company is Intedis GmbH and it is based in Wuerzburg.
Jan. 2002	Leoni Bordnetz-Systeme GmbH & Co. KG in Kitzingen, Germany, is preparing to build a production plant in the Ukraine.
Sep. 2004	Acquired all the equity in cable specialist Klink + Oechsle, based in the town of Ettlingen in Wuerttemberg, retroactive to 1 August 2004.
Dec. 2004	Leoni Bordnetze Holding GmbH, a subsidiary of the Company, signed a joint-venture agreement with the Chinese wiring system and component manufacturer THB. The agreement provides that Leoni will acquire a majority stake in the THB Group's largest facility, located in Liuzhou, southern China.
Jun. 2005	Acquired all the shares in Neumatic Elektronik + Kabeltechnik GmbH & Co. KG, Ulm.
2006	Acquired the remaining 30% interest in the Leoni Wiring Systems (Luzhou) Co., Ltd. from the joint venture company. Leoni Wiring Systems (Luzhou) became a wholly owned subsidiary.
Jan. 2008	Acquired the wiring systems business of Valeo.
Mar. 2008	Acquired 50% interest in the South Korean wiring systems manufacturer Daekyeung.
Sep. 2011	Acquired all the equity in the South Korean wiring systems manufacturer Daekyeung. Daekyeung became a wholly-owned subsidiary.
May 2012	Set up the Business Unit Connectivity, acquiring a team of specialists as well as some of the assets of FCT electronic GmbH, based in Munich, Germany.
Nov. 2015	Established the San Lorenzo Plant in Paraguay to manufacture wire harnesses.
2016	Acquired 51% stake in Wuhan Hengtong Automotive, a Chinese wire systems manufacturer.
Feb. 2017	Acquired two-thirds of Adaptricity AG of Switzerland, a consulting firm that assists in software development.
2017	Established a base in Roth, Germany, for R&D and production of cables for autonomous driving and high-voltage charging as well as fiber-optic cables for telecommunications and infrastructure.
2017	Established a wire harness production base in Kolomyia, Ukraine, the second plant in the country.
2018	Built the third wire harness manufacturing site Serbia, in Nis.
Aug. 2019	Expansion of the EV charging cable manufacturing facility in Cuauhtémoc, Mexico.
Mar. 2021	Sale of subsidiaries Studer AG and LEONI Schweiz AG.
Mar. 2021	Sale of the data communication and compounding business of LEONI Kerpen GmbH.
Sep. 2021	Construction of the Kraljevo plant, the fourth site in Serbia.
Oct. 2021	Industrial business sold to BizLink.
Mar. 2023	Agreed to financial restructuring plan for the Company under the German Corporate Stabilization and Restructuring Act, where Stefan Pierer would become sole shareholder of the Company.
Aug. 2023	Takeover of Company completed under financial restructuring plan, making the Company a private entity, cancelling its existing shares and delisting it from the Frankfurt Stock Exchange.