EoW November 2010

corporate news

Leoni wins contract to equip the new Fiat engine...

“The Leoni Group has resumed its acquisition activity, which we temporarily suspended because of the economic crisis. Our objective is to expand in fast growing and profitable niche markets,” Dr Klaus Probst, president and CEO of Leoni AG, stated. “This acquisition of RoMack strengthens us in both regional and technological terms.” The purchase is being executed via subsidiary FiberTech USA Inc, which belongs to the Leoni Fiber Optics unit. It specialises in business involving optical fibre. With this takeover Leoni Fiber Optics will be among a dozen providers worldwide with complete command of optical base technologies in development and production – from product design to preform and fibre production through to making fibre optic cables and special optical components. Leoni now has over 350 employees at premises in central Franconia, Thuringia, northern Baden, Berlin and the Rhineland in Germany as well as in the US states of Arizona and Virginia and also in Ontario, Canada.

Leoni has obtained a supplier contract to equip a new two-litre MultiJet turbo diesel engine with cable harnesses. The environmental standard applies from February 2011 onwards to all new cars sold in Europe. The engine is to be used in several Fiat and Chrysler models, starting with the new Dodge Journey. The engine cable harness comprises 57 wires with a total length of around 110m and containing over 500g of copper. Due to the mission profile received from Fiat Powertrain, all plastic components and protection elements have to guarantee 150˚C temperature resistance. The start of production is scheduled for the fourth quarter of 2010. Leoni will deliver between 100,000 and 150,000 units per year from one of its Tunisian plants. Leoni has been supplying the Fiat Group for 30 years. Among others, the company develops and produces wiring harnesses for Fiat Punto Classic, Lancia Y and Musa. ... and makes an acquisition Leoni has acquired the US-based company RoMack Inc, a specialist in optical fibre technology, as part of its strategy of strengthening its niche market position by acquisition.

Leoni AG – Germany Fax : +49 911 2023 231 Email : info@leoni.com Website : www.leoni.com

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EuroWire – November 2010