Time Interconnect Takes Control of Leoni LCS and Strengthens its Presence in Morocco
Time Interconnect Technology Gains Full Control of Leoni Cable Solutions, Expanding Its Footprint in the Global Automotive Cable Sector
The Hong Kong-based group Time Interconnect Technology has now taken complete control of Leoni Cable Solutions (LCS), enhancing its presence in the global automotive cable industry and adding a new dimension to its industrial operations in Morocco.
Specializing in cables and connectivity solutions, the publicly traded Hong Kong group has acquired the remaining 51% of Time Interconnect Singapore from its controlling shareholder, Luxshare Precision Limited. The transaction is based on an initial price of $12.7 million, which is approximately 115 million dirhams, along with a net asset adjustment mechanism for the acquired company, capped at $40 million.
As a result of this transaction, Time Interconnect now wholly owns Time Singapore and, through it, the entirety of Leoni Cable Solutions.
A Strategic Acquisition in Automotive Cables
This takeover finalizes a deal initiated several months ago. Previously, Time Interconnect held 49% of Time Singapore, with the remaining 51% controlled by Luxshare Precision.
In July 2025, Time Singapore acquired the entire Leoni Kabel, the former automotive cable business of the German group Leoni, which has since been renamed Leoni Cable Solutions, for approximately €335 million.
The new entity now boasts an industrial network spread across Germany, China, Mexico, Poland, Hungary, Slovakia, and Turkey, with Morocco set to join this network.
Its operations particularly include the manufacturing of copper cables used for energy, signal, and data transmission in the automotive sector, as well as in several other industrial fields.
Morocco Integrated into the New Industrial Strategy
This acquisition primarily allows Time Interconnect to scale up. Previously strongly rooted in Asia, the group now has a manufacturing platform covering Europe, North America, North Africa, and Asia via Leoni LCS.
This new organization provides the group with direct access to the global automotive market and technologies ranging from standard harness cables to high-voltage cables, sensor and data transmission cables, charging solutions, and liquid-cooled power cables.
Morocco holds a special position in this new industrial landscape, highlighted by the upcoming factory in Kenitra, which was announced by Leoni Cable Solutions in June.
A €60 Million Factory in Kenitra
Located in the Kenitra free zone, the new facility represents an investment of approximately €60 million, or nearly 620 million dirhams.
Industrial operations are slated to commence by mid-2027, with ramp-up beginning in the second half of 2026 as communicated by the group regarding its Moroccan activities.
The factory is intended to produce single-core and multi-core automotive cables, as well as data transmission cables primarily for advanced driver-assistance systems and next-generation vehicle technologies.
The site is expected to employ around 90 people at the start, eventually reaching nearly 200 employees at full capacity.
This establishment allows Leoni LCS to get closer to automotive production lines located in Morocco and strengthens its industrial base in North Africa.
Leoni LCS Paving the Way for 800-Volt Technologies
The integration of Leoni LCS also brings Time Interconnect automotive expertise that it previously lacked at this scale.
The portfolio encompasses cables for electrical harnesses, high-voltage cables for electric vehicles, sensor and data cables, as well as related charging systems.
Time Interconnect aims to leverage this industrial base to further develop solutions associated with 800-volt electrical architectures. These technologies are particularly utilized in next-generation electric vehicles and could also find applications in energy-intensive digital infrastructures and data centers.
Continued Close Relations with Luxshare
Despite the change in control, the industrial relationships between Time Interconnect and Luxshare Precision remain significant.
Between July 2025 and March 2026, Leoni LCS recorded up to €31.6 million in monthly cable sales to companies within the Luxshare group.
This activity prompted Time Interconnect to request a substantial increase in the transaction ceilings applicable between the two groups to accommodate the expected commercial volumes after the integration of Leoni LCS.
Morocco Becomes an Industrial Hub in North Africa
The complete takeover of Leoni LCS gives new depth to the Kenitra industrial project. The Moroccan factory is no longer just part of the strategy of a European automotive cable manufacturer but is now integrated into the strategy of an international group with an industrial network covering several major world regions.
For Time Interconnect, Morocco thus serves as a key anchor point in North Africa and a potential bridge to regional and international automotive chains.
This move also illustrates the evolution of the Moroccan automotive ecosystem, which continues to attract investments in increasingly advanced components, particularly data cables, high-voltage systems, and solutions intended for electric vehicles.
