- Startseite
- Neuigkeiten & Ereignisse
- Nachrichten
- BizLink übernimmt die LEONI Business Group Industrial Solutions
TAIPEI, October 1, 2021 – BizLink Holding Inc. (TWSE code: 3665) (“BizLink”) announced today that it has entered into binding legal agreements with LEONI AG (Xetra code: LEO) (“LEONI”) under which BizLink will acquire the LEONI Industrial Solutions business group (“LEONI Industrial Solutions”) for an enterprise value of about €450 million in an all-cash transaction. The transaction has been approved by BizLink’s Board of Directors, is expected to be accretive immediately upon closing, and will be financed with existing cash and committed financing.
BizLink is an international provider of high-quality solutions for cable connections and connectivity services. BizLink’s acquisition of LEONI’s Industrial Solutions will expand its market presence, especially in Europe, and there is a clear perspective for future development and growth. Chairman Roger Liang expressed that “BizLink’s acquisition of LEONI Industrial Solutions will boost our technical and service capabilities, solidify our global scale, bring us closer to customers, and gain access to new industrial customers. The acquisition brings forward our long-term diversification plans, and will provide BizLink with immediate gains within multiple secular growth industries.”
BizLink’s acquisition of LEONI Industrial Solutions will:
LEONI Industrial Solutions with 2020 sales of about €430 million is a leading supplier of cables and cable systems for a wide range of growing end-markets, including Telecommunication, Healthcare, Robotics, Factory Automation, E-mobility, and Rolling Stock, and with a broad customer base of globally renowned market leaders. The company enjoys leading positions in many technologically advanced areas, and has a well invested asset base across Europe, North America, and Asia. LEONI CEO Aldo Kamper expressed that “The Industrial Solutions business today operates successfully in the global market, and I am convinced that it continues to have a very promising future. It has always been our goal to find investors for the WCS units put up for sale due to our strategic focus on the automotive industry, that want to further strategically develop the products and services of the unit. I am confident that we have succeeded in doing so with BizLink.”
BizLink has a proven track record of completing cross-border acquisitions, including the acquisition of LEONI’s Electrical Appliances business group in 2017 and of Speedy Industrial Supplies Pte Ltd in 2020. The transaction, which is expected to close in early 2022, is subject to customary closing conditions and the receipt of required regulatory approvals.
About BizLink
We are a U.S.-headquartered and vertically integrated supplier of interconnect products. Our manufacturing sites in China, Malaysia, Singapore, Mexico, Slovakia, Serbia, and the USA allow for seamless integration into our customers' supply chains by serving the information technology, data communications, medical, consumer electronic, motor vehicle, solar, home appliance, fiber optic, and industrial equipment industries with new product introduction (NPI) and box build as well as system integration capabilities ready at selective sites. Please visit our website for more information about BizLink: http://www.bizlinktech.com
About LEONI Industrial Solutions
As a unit of LEONI, LEONI Industrial Solutions is a leading supplier of cables and cable systems for a wide range of growing end-markets such as Healthcare, Robotics, Telecommunication, Factory Automation, E-mobility, and Rolling Stock. LEONI Industrial Solutions has a global footprint with around 20 sites globally across 10 countries and approximately 3,000 employees. LEONI Industrial Solutions operates the following business units: Healthcare, Robotics, Tailor-Made Products, Silicone, Telecommunication Systems and Automation and Drives. Its products serve a broad customer base comprising of internationally renowned industrial and technology leaders.
Press Contact
Tom Huang, Investor Relations Senior Manager, ir@bizlinktech.com, +886-2-82261000#2662
Mike Wang, Investor Relations Manager, ir@bizlinktech.com, +886-2-82261000#2663
Paul Chou, Deputy Spokesperson, ir@bizlinktech.com
BizLink is an international provider of high-quality solutions for cable connections and connectivity services. BizLink’s acquisition of LEONI’s Industrial Solutions will expand its market presence, especially in Europe, and there is a clear perspective for future development and growth. Chairman Roger Liang expressed that “BizLink’s acquisition of LEONI Industrial Solutions will boost our technical and service capabilities, solidify our global scale, bring us closer to customers, and gain access to new industrial customers. The acquisition brings forward our long-term diversification plans, and will provide BizLink with immediate gains within multiple secular growth industries.”
BizLink’s acquisition of LEONI Industrial Solutions will:
- Accelerate BizLink’s ambition to become a global leader in providing interconnect solutions across its Industrial, IT DataComm, Automotive, and Electrical Appliance segments;
- Position BizLink to capture and benefit from secular trends within electrification and within digitization across multiple end-markets;
- Enhance BizLink’s global footprint with additional operational scale across Europe, North America, and Asia with an increased ability to penetrate attractive, high-growth applications; and
- Drive greater long-term earnings accretion potential with meaningful revenue and cost synergies on the combined platform.
LEONI Industrial Solutions with 2020 sales of about €430 million is a leading supplier of cables and cable systems for a wide range of growing end-markets, including Telecommunication, Healthcare, Robotics, Factory Automation, E-mobility, and Rolling Stock, and with a broad customer base of globally renowned market leaders. The company enjoys leading positions in many technologically advanced areas, and has a well invested asset base across Europe, North America, and Asia. LEONI CEO Aldo Kamper expressed that “The Industrial Solutions business today operates successfully in the global market, and I am convinced that it continues to have a very promising future. It has always been our goal to find investors for the WCS units put up for sale due to our strategic focus on the automotive industry, that want to further strategically develop the products and services of the unit. I am confident that we have succeeded in doing so with BizLink.”
BizLink has a proven track record of completing cross-border acquisitions, including the acquisition of LEONI’s Electrical Appliances business group in 2017 and of Speedy Industrial Supplies Pte Ltd in 2020. The transaction, which is expected to close in early 2022, is subject to customary closing conditions and the receipt of required regulatory approvals.
About BizLink
We are a U.S.-headquartered and vertically integrated supplier of interconnect products. Our manufacturing sites in China, Malaysia, Singapore, Mexico, Slovakia, Serbia, and the USA allow for seamless integration into our customers' supply chains by serving the information technology, data communications, medical, consumer electronic, motor vehicle, solar, home appliance, fiber optic, and industrial equipment industries with new product introduction (NPI) and box build as well as system integration capabilities ready at selective sites. Please visit our website for more information about BizLink: http://www.bizlinktech.com
About LEONI Industrial Solutions
As a unit of LEONI, LEONI Industrial Solutions is a leading supplier of cables and cable systems for a wide range of growing end-markets such as Healthcare, Robotics, Telecommunication, Factory Automation, E-mobility, and Rolling Stock. LEONI Industrial Solutions has a global footprint with around 20 sites globally across 10 countries and approximately 3,000 employees. LEONI Industrial Solutions operates the following business units: Healthcare, Robotics, Tailor-Made Products, Silicone, Telecommunication Systems and Automation and Drives. Its products serve a broad customer base comprising of internationally renowned industrial and technology leaders.
Press Contact
Tom Huang, Investor Relations Senior Manager, ir@bizlinktech.com, +886-2-82261000#2662
Mike Wang, Investor Relations Manager, ir@bizlinktech.com, +886-2-82261000#2663
Paul Chou, Deputy Spokesperson, ir@bizlinktech.com
| Herausgabe von | BizLink Holding Inc. (TWSE code: 3665) |
|---|