04/10/2021 – Pursuing strategic focus
Leoni sells majority of its industrial business
Leoni consequently follows its strategic objectives and sells the Business Group Industrial Solutions, which belong to the WCS division (Wire+Cable Solutions) and represent significant parts of its industrial business, to BizLink. This marks another important milestone on Leoni’s path towards a long-term stabilisation of the company.
BizLink’s acquisition of Leoni’s Industrial Solutions will expand its market presence, especially in Europe. © Leoni
BizLink’s acquisition of Leoni’s Industrial Solutions will expand its market presence, especially in Europe. © Leoni
“With this step, we are once again proving that we are consistently continuing to implement our announced and already advanced focus on the Wiring System Division,” explaines CEO Aldo Kamper. © Leoni