Motherson acquires Nexans Autoelectric's wiring harness business

Samvardhana Motherson International Limited (SAMIL) announced its indirect wholly-owned subsidiary, Motherson Global Investments B.V. (MGI B.V.), acquired the wiring harness business of Nexans Autoelectric GmbH and Elektrokontact GmbH.

This transaction, valued at an overall enterprise value of €207m on a cash and debt-free basis, is expected to enhance Motherson's presence with passenger vehicle OEMs globally and strengthen its Wiring Harness division with synergistic capabilities.

Autoelectric, a global manufacturer specializing in automotive wiring harnesses for light and commercial vehicles, reported revenues of €749m in CY 2024. The acquisition includes 100% of the shares in Autoelectric's subsidiaries and branch offices across 11 countries, along with identified assets in Germany.

The transaction is subject to regulatory approvals from the European Commission, Brazil, and the United States, as well as employee consultations. It is anticipated to close by Q1 FY27 and is expected to be cash EPS accretive.