M&A
Samvardhana Motherson to acquire Germany’s Nexans Autoelectric wiring harness biz for Rs.2,175-Cr
Press Release Business Line Nexans Autoelectric GmbH
Noida-based Samvardhana Motherson International is to acquire the global wiring harness businesses of Germany-based Nexans Autoelectric GmbH and Elektrokontact GmbH for EUR 207 million (about INR 2,175 crore).Autoelectric specializes in automotive wiring harnesses for both passenger vehicles (PVs) and commercial vehicles (CVs). For the calendar year 2024, Autoelectric reported total revenue of EUR 749 million, with PVs contributing approximately 81% and CVs 19%.The company operates 22 facilities across 11 countries, supported by over 800 engineers and a workforce of about 13,000 employees, and is positioned for internal combustion engine (ICE), hybrid, and electric vehicle (EV) powertrain mixes.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
