Motherson Reaches Agreement to Acquire Nexans Autoelectric Wiring Business for €207 Million

Samvardhana Motherson International Limited has entered into exclusive negotiations to acquire 100% of the global wiring harness business of Nexans autoelectric GmbH for an enterprise value of €207 million on a cash and debt-free basis, the company informed exchanges today.  The transaction, executed through its material subsidiary Motherson Global Investments B.V. (MGI B.V.), is subject to employee consultation, customary closing conditions, and regulatory approvals.

According to the announcement, the company entered into a put option agreement to structure the acquisition as a series of sales of shares and assets, with the final payout determined by closing adjustments.

AutoElectric is an approximately 60-year-old global manufacturer of automotive wiring harnesses for both passenger and commercial vehicles. AutoElectric operates 22 facilities located in 11 countries, supported by more than 800 engineers and a skilled workforce of approximately 13,000 employees.

Samvardhana Motherson International stated the potential transaction aims to create a globally scalable platform for Motherson in the wiring harness business across passenger and commercial vehicle segments. The combined business is expected to benefit from driving rapid innovation across various powertrains, sharing best operational practices, and developing next-generation products across PVs and CVs to ensure agility and competitiveness.

Management expects the transaction to be cash earnings per share accretive, with closure anticipated by the first quarter of the fiscal year 2026-27 .