Weinert Industries AG agreed to acquire J-Plasma Gmbh, LEONI Fiber Optics GmbH and LEONI Fiber Optics, Inc. from LEONI AG (XTRA:LEO) in management buyout transaction for €1.5 million on December 10, 2021. Andreas Weinert will head the company, which will operate under the name Weinert Group, with around 300 employees at six locations in Germany and one in the U.S. The sold activities generated sales of around €50 million in fiscal year 2020. The closing of the transaction is still subject to the agreement of various boards as well as customary closing conditions, including merger control, and is expected in the first quarter of 2022.

Matthias Elser, Thomas Grnvogel and Nanni Spitzer of Osborne Clarke Rechtsanwälte Steuerberater Partnerschaft mit beschränkter Berufshaftung acted as legal advisor to Weinert Industries AG.