Strengthening wiring harness capabilities, the acquisition expands Motherson’s global footprint and supports ICE, hybrid, and electric vehicle technologies.
Samvardhana Motherson International has announced that its Board has approved the acquisition of the global wiring harness businesses of Germany-based Nexans Autoelectric GmbH and Elektrokontact GmbH for an enterprise value of ₹21.75 billion.
The deal follows exclusive negotiations and the signing of a master framework agreement, under which a series of share and asset purchase agreements will be executed to transfer interests in multiple subsidiaries and assets of AutoElectric.
AutoElectric generated total revenue of Euro 749 million in 2024, with passenger vehicles contributing 81% and commercial vehicles 19%. The company operates 22 facilities across 11 countries, supported by more than 800 engineers and over 13,000 employees, and is well-positioned to cater to evolving powertrain technologies including internal combustion engines ICE, hybrid, and electric vehicles EVs.
Vivek Chaand Sehgal, Chairman of Motherson Group, said the acquisition is a significant milestone, enabling the company to support key customers with wiring harness solutions while expanding its global footprint. He added that combining Motherson’s execution capabilities with AutoElectric’s engineering strength and customer relationships would drive innovation and sustainable growth.
The transaction is expected to be cash EPS accretive and remains subject to consultation with employee representatives and receipt of regulatory approvals. The closure of the deal is anticipated by the first quarter of 2027.
