Nexans has agreed to sell its Autoelectric wiring harness business to Samvardhana Motherson International Ltd. (Motherson), completing a strategic transformation that positions Nexans as a pure-play electrification company.
Nexans completes portfolio shift toward electrification
According to a company press release, Nexans has entered exclusive negotiations with Motherson for the sale of Autoelectric at an enterprise value of โฌ207 million. The transaction represents the final step in a multi-year portfolio reshaping that has seen Nexans divest non-electrification assets, including Aginode, AmerCable, and Lynxeo, to sharpen its focus on its โSparking Electrificationโ strategy. Nexans expects the deal to close later this year.
Autoelectric, headquartered in Floss, Germany, designs and manufactures wiring harnesses and vehicle wiring systems for global automakers. The business generated approximately โฌ749 million in sales in 2024 and employs nearly 14,000 people worldwide.
Autoelectric finds strategic fit within Motherson
Nexans CEO Julien Hueber described Autoelectric as the groupโs last remaining non-electrification business and said the company is well positioned to grow under ownership more deeply rooted in the automotive sector. He characterized Motherson as a natural strategic fit and emphasized that the transaction will allow Nexans to fully deploy its value creation model as a dedicated electrification player.
With the divestment, Nexans will concentrate exclusively on supplying advanced electrification solutions that support the global energy transition and the development of low-carbon, sustainable power systems.
More information on Nexansโ electrification strategy is available at https://www.nexans.com.
Motherson expands global wiring harness footprint
For Motherson, one of the worldโs largest suppliers of automotive systems and components, the acquisition significantly expands its wiring harness operations. Chairman Vivek Chaand Sehgal said the addition of Autoelectric will strengthen Mothersonโs ability to support key automotive customers while extending its global manufacturing footprint.
Sehgal added that combining Mothersonโs execution capabilities with Autoelectricโs engineering expertise and established customer relationships will accelerate innovation and support long-term, sustainable growth across the groupโs automotive wiring systems business.
Additional information on Mothersonโs automotive portfolio is available at https://www.motherson.com.
