Leoni Buys American Robotics Specialist Valentine Robotics

Expansion of systems expertise for industrial robot applications
NUREMBERG, Germany--(Business Wire)--
Leoni, the leading provider of cable systems to the automotive sector and other
industries, has taken over the US company Valentine Robotics in full effective 1
July 2009. With its acquisition of this robotics specialist, Leoni is further
expanding its portfolio in the field of innovative, integrated system solutions
with a high proportion of engineering and services for industrial robots as well
as its position in the North American market.

Valentine Robotics, based in Sterling Heights near Detroit, Michigan, USA,
operates in a high growth niche market with its specialisation in programming
and commissioning of industrial robots, turn-key solutions for example for image
processing and measuring systems as well as related application training. The
company was established in 1996 and in the past few years generated average
sales of USD 2.5 million (EUR 1.8 million) with about 20 employees.

Leoni has significantly extended its robotics portfolio with this purchase. It
comprises the assembly of complex umbilicals and dresspacks with pneumatic,
hydraulic and electrical components, their robot manufacturer-independent
installation, preventive maintenance and service as well as production of
various polyurethane hoses and special control and power cables. In addition
there is an extensive range of programming services and training schemes.
Valentine Robotics enhances Leoni's know-how especially in the area of
integrated system solutions focussed on engineering and service.

'With our takeover and incorporation of Valentine Robotics into the Industrial
Solutions business unit of the Wire & Cable Solutions division we are broadening
not only our footprint in North America, but also again our systems expertise,'
Dr Klaus Probst, President and CEO of Leoni AG, said in explaining the company's
acquisition strategy. Leoni will settle the purchase price mostly with treasury
shares.

Valentine Robotics serves established customers in the car and robot
manufacturing industry, but is increasingly also successful in the aviation,
food production, metal processing, special machinery making, furniture
production and health care sectors. This therefore underpins Leoni's strategy of
expanding the proportion of its business outside the automotive industry.

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About the Leoni group

Leoni is a global supplier of cable systems for applications in the automotive
sector and further industries. The group of companies, which is listed on the
German MDAX, employs around 45,000 people in 34 countries and generated
consolidated sales of EUR 2.9 billion in 2008. Leoni develops and makes
technically sophisticated products from single-core automotive cables through to
complete wiring systems and offers related services. Leoni's product range also
comprises wires and strands, standardised cables as well as special cables and
wiring systems for applications in various markets.

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Language: English
Issuer: Leoni AG
Marienstraße 7
90402 Nürnberg
Deutschland
Phone: +49 (0)911 20 23-274
Fax: +49 (0)911 20 23-209
E-mail: invest@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

Leoni
Sven Schmidt, 0911-2023-467
Sven.Schmidt@leoni.com

Copyright Business Wire 2009