Acquisitions22 Dec 2025, 02:48 pm
Samvardhana Motherson International Acquires Autoelectric for EUR 207 Million
AI Summary
Samvardhana Motherson International Limited has approved the acquisition of the business including assets and certain real estate of Nexans autoelectric GmbH and Elektrokontact GmbH and shares in their foreign subsidiaries. The acquisition, valued at EUR 207 million, is expected to be completed by Q1 FY27, subject to regulatory approvals. Autoelectric is a ~60 year old global manufacturer of automotive wiring harness for light vehicles and commercial vehicles, with specialty for low and high voltage applications and reported a turnover of EUR 749 Million in CY 2024.
Key Highlights
- Enhance presence with passenger vehicles OEMs globally
- Experienced management team and access to a high R&D and design network spread across key customer locations
- Synergistic and complementary to Company’s Wiring Harness division