Stefan Pierer: Sale of Leoni majority stake (50.1%) to Luxshare completed – important step in strengthening the Pierer Industrie Group
- Luxshare-ICT acquires majority stake (50.1%) in Leoni
- All necessary approvals granted by the authorities
- Operational turnaround of Leoni AG successful
- Partnership ensures long-term competitiveness of Leoni AG
Following the signing of the agreements in September 2024, the closing took place yesterday, July 10, 2025. After receiving all necessary regulatory approvals, the Chinese Luxshare-ICT Group has acquired 50.1 percent of the shares in Leoni AG from the previous sole owner Stefan Pierer. At the same time, Luxshare subsidiary TIME Interconnect has acquired 100 percent of the Automotive Cable Solutions (ACS) business unit from Leoni AG.
This means that Stefan Pierer’s goal of finding a strategic partner for Leoni has been successfully achieved. The new shareholder structure secures Leoni’s long-term stability and guarantees future growth. In addition to the operational turnaround that Klaus Rinnerberger, CEO of Leoni AG, has consistently implemented since taking office in summer 2023, this also marks the final restoration of financial stability.
Stefan Pierer, CEO of Pierer Industrie AG and now owner of a 49.9 percent stake in Leoni AG: “I am delighted that the sale of the majority stake in Leoni to Luxshare-ICT has now been successfully completed. The two companies complement each other perfectly. With Luxshare as a strong strategic partner, Leoni will be able to further expand its competitive position.”
Pierer Industrie AG will also be significantly strengthened by the existing profit participation right granted by Stefan Pierer to Pierer Industrie AG in connection with Leoni AG.
About the Pierer Industrie-Group
Pierer Industrie AG is the holding company of a European automotive group focusing on high-tech automotive components. The group generated sales of € 887 million in the 2024 financial year and employs around 4,500 people worldwide.
About the Leoni Group
Leoni is a global supplier of products, solutions, and services for energy and data management in the automotive industry. The value chain ranges from standardized cables to special and data cables to highly complex wiring systems and related components, from development to production. Leoni develops next-generation cable solutions and wiring systems that, for example, reduce complexity and enable higher levels of automation through zonal architecture. The group employs around 85,000 people in 23 countries and generated consolidated revenues of € 5 billion in 2024 (all figures still refer to the previous group including WSD and ACS).
About the LUXSHARE Group
LUXSHARE-ICT was founded on May 24, 2004, and has been listed on the Shenzhen Stock Exchange since September 15, 2010 (stock code: 002475). The company is one of the world’s leading solution providers for consumer electronics, communications & data centers, automotive, and medical technology. With over 110 factories on 3 continents, the group employs more than 200,000 people. The LUXSHARE Group achieved sales of over $80 billion in 2024.
For further information:
Hans Lang & Melinda Busáné Bellér
Email: info@piererindustrie.at