Leoni reports that the company has concluded the sale of one of its business groups to Deutsche Invest Mittelstand (DI Mittelstand)

A press release said that on Dec. 13, 2023, the sale of the Leoni Business Group Wire Products & Solutions (BG PS) was completed. The deal included Leoni Draht GmbH, Haarländer GmbH, Leoni Temco, Ltd. and Leoni Wire (Changzhou) Co., Ltd. The company group now owned by DI Mittelstand is operating under a new name: Aerumtec - Copper Products and Solutions. Leoni Draht GmbH with its plants in Weissenburg and Bad Kötzting thus becomes Aerumtec GmbH. The plants manufacture wire, strand and rope made from copper and Leoni Histral® alloys bare and plated, as well as composite materials.

DI Mittelstand, a private investment firm that was founded in 2007, is based in Hamburg, Germany.