Supplier Leoni separates from cable division

Supplier Leoni separates from cable division

The ailing supplier Leoni expects, “that the planned separation from the cable division will not be implemented this year,” said a company spokesman for the Automobilwoche. “When looking for investors, thoroughness comes first,” he added. As options for the cable division, the group had called a sale and going public.

Leonie cable division has little synergy with the wiring system area

Leoni wants to concentrate in the future on the further development of the larger, but most recently deficit wiring system area. CEO Aldo Kamper sees little synergy between the two parts of the SDAX business.

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