Luxshare to acquire a 50.1% stake in LEONI.

Luxshare, a Chinese electronic components manufacturer, agreed to acquire a 50.1% stake in LEONI, a cable and harnessing manufacturing firm. Financial terms were not disclosed. “We are excited about the potential of this partnership. By combining our strengths, we will not only expand our global footprint but also drive innovation and deliver greater value to our customers,” Grace Wang, LUXSHARE Chairman and CEO.