Samvardhana Motherson International Limited (SAMIL) has entered into exclusive negotiations to acquire 100% of the global Wiring Harness business of Nexans AutoElectric GmbH, strengthening its position in the automotive components space.
The proposed transaction will be executed through Motherson’s material subsidiary, Motherson Global Investments B.V. (MGI B.V.), and is subject to employee consultation, customary closing conditions, and regulatory approvals.
The enterprise value of the transaction is pegged at €207 million on a cash- and debt-free basis, with the final payout subject to customary closing adjustments.
Nexans AutoElectric GmbH is a globally established manufacturer of automotive wiring harnesses, catering to both passenger vehicles (PVs) and commercial vehicles (CVs).
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Wiring Harness Portfolio Strengthens Motherson’s Global Automotive Platform
Founded nearly six decades ago, AutoElectric reported total revenues of €749 million in CY 2024, with passenger vehicles contributing approximately 81% and commercial vehicles accounting for 19%.
Its Wiring Harness portfolio spans low-voltage and high-voltage powertrain harnesses, body harnesses, specialty harnesses, and components, serving internal combustion engine (ICE), hybrid, and electric vehicle (EV) platforms.
AutoElectric operates 22 manufacturing facilities across 11 countries, supported by more than 800 engineers and a skilled workforce of around 13,000 employees.
The acquisition is expected to enhance Motherson’s global footprint and create a scalable platform across both PV and CV segments.
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Wiring Harness Acquisition to Drive Innovation and Synergies
The proposed acquisition is expected to enable rapid innovation across evolving powertrain technologies, facilitate the sharing of best operational practices, and support the joint development of next-generation products across vehicle categories.
The combined entity aims to maintain agility and competitiveness while strengthening customer relationships globally.
The transaction is expected to be cash EPS accretive and, subject to regulatory approvals and employee consultations, is anticipated to close by Q1FY27.
Commenting on the development, Vivek Chaand Sehgal, Chairman of the Motherson Group, said that the acquisition marks a significant milestone for the company, enabling it to better support key customers with advanced wiring harness solutions while expanding its global manufacturing and engineering footprint.
