Home / Business and Economy / Motherson Seals €207M Deal for Auto Wiring Business
Motherson Seals €207M Deal for Auto Wiring Business
22 Dec
Summary
- Motherson International acquired Nexans' auto wiring business for €207 million.
- The acquired business has nearly 60 years of experience in automotive wiring.
- This acquisition is expected to be finalized by the first quarter of FY27.
Samvardhana Motherson International has announced the acquisition of the automotive wiring harness business from Nexans autoelectric GmbH and Elektrokontact GmbH. The deal, valued at €207 million, will be managed by Motherson Global Investments BV, an indirect wholly-owned subsidiary. This strategic move incorporates a well-established global manufacturer with decades of experience in both passenger and commercial vehicle wiring.
The acquired entity, Autoelectric, boasts nearly 60 years of operational history and generated revenues of €749 million in calendar year 2024. The transaction, structured on a cash- and debt-free enterprise value of €207 million, is projected for completion by the first quarter of fiscal year 2027.
This acquisition aligns with Samvardhana Motherson's ongoing commitment to inorganic expansion. Earlier this year, the company also consolidated 100% ownership of its Turkish subsidiaries and invested $184 million in Japanese firms Yutaka Giken and Shinnichi Kogyo, showcasing a dynamic approach to global market presence.
