This modern facility, one of Europe's most advanced cable plants, will allow the company to significantly increase production. The move involved transferring 870 staff members and 180 pieces of machinery from their former site in Stieberstrasse, Roth, which had been in use for over 100 years.

CEO Klaus Rinnerberger will be CEO until the end of 2027. Additionally, the contract of COO Ingo Spengler was extended until the same date, while CFO Dr. Harald Nippel will continue his role until April 2026.

The company will undergo a series of actions and emerge as a privately owned company, delisting from the public stock exchange in order to have a firmer financial base. Stefan Pierer, an Austrian investor and CEO of Pierer Mobility (a motorcycle manufacturer) will become Leoni’s sole shareholder.

Klaus Rinnerberger is the new Chief Executive Officer (CEO) at Leoni, effective immediately, succeeding outgoing CEO Aldo Kamper who left the company in May 2023.

The new plant will produce wiring systems for the CV industry in order to meet the growing demand in that segment of the business.