Nexans announces today the completion of the sale of its wiring harness business, Autoelectric, to Samvardhana Motherson International Limited (“Motherson”), a leading global supplier of automotive systems and components, for an Enterprise Value of €207 million.
In 2025 and up until its deconsolidation from Nexans as of July 1st 2026, the wiring harness business along with the Industry and Solutions segment was classified as discontinued operations in the consolidated financial statements of the Group. Its contribution remains fully excluded from the 2026 guidance. Autoelectric standalone generated current annual sales of c. €708 million in 2025 with nearly 13,000 employees.
This divestment completes the portfolio rotation Nexans announced in 2021, with Autoelectric being the last non-electrification business to exit the Group.
The completion of the sale of Autoelectric marks the final step in Nexans’ transformation into a pure electrification player. It strengthens our strategic focus, improves capital allocation discipline, and positions the Group to fully capture the opportunities of the global energy transition. We are pleased to see Autoelectric join Motherson, a leading global automotive supplier whose industrial expertise makes it a natural fit for the next phase of the business’s development. I would like to express my gratitude to the nearly 13,000 employees who have contributed to building this business over many years. Their expertise, unwavering commitment, resilience, and ability to deliver under some of the most demanding circumstances have been instrumental to Autoelectric’s success. The Group wishes them every success as they embark on this new journey with Motherson. We now remain fully focused on executing our strategy and creating long-term value for our shareholders through our leadership in electrification.
Chief Executive Officer, Nexans
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