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Informist, Monday, Dec. 22, 2025

 

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--Samvardhana Motherson arm may buy 100% stake in Nexans autoelectric 
--Samvardhana Motherson arm may buy Nexans for 207 mln euro enterprise value 
--Samvardhana Motherson arm may buy Nexans autoelectric by Q1 of FY27 
--Samvardhana Motherson: Nexans stake buy likely to be cash EPS accretive 
--Samvardhana Motherson: Nexans makes harnesses for light vehicles, trucks

 

MUMBAI – Samvardhana Motherson Ltd. plans to buy the global wiring harness business, other assets, and some real estate of Nexans autoelectric and Elektrokontact at an enterprise value of 207 million euros, or about INR 21.79 billion, according to an exchange filing Monday. This includes the two European companies' stakes in their foreign subsidiaries. The transactions will be carried out through Samvardhana's subsidiary Motherson Global Investments.

 

Samvardhana Motherson will sign multiple share purchase agreements for various subsidiaries and asset purchase agreements, the company said. Fow now, the company has signed a put option agreement and expects to sign the share purchase agreement in the March quarter of the financial year 2025-26 (Apr-Mar). It expects to complete the acquisition by the June quarter of FY27.

 

Samvardhana is yet to complete its consultation with the representatives of the employees of the two companies, including discussions on gratuity payment. Further, it is in the process of getting the requisite regulatory approvals from the European Commission and authorities in Brazil and the US.

 

"This would also enable cross-sell opportunities with existing product portfolio of Motherson," Samvardhana said in the filing. "(The deal will) provide immediate access to the global PV (passenger vehicle) wiring harness segment, reducing time-to-market cycles and enabling faster revenue realization."

 

The two European companies are in the business of making automotive harnesses for light vehicles and commercial trucks, including complex powertrain harnesses for low and high voltage applications. In 2024, the two companies had reported total sales of 749 million euros and earnings before interest, tax, depreciation, and amortisation of 47.9 million euros.

 

The companies earned 81% of their revenue in 2024 from the passenger vehicles segment and the rest from commercial vehicles. The harness makers operate 22 facilities in 11 countries with 800 engineers and over 13,000 employees.

 

For the September quarter, Samvardhana Motherson had reported a consolidated net profit of INR 8.27 billion on a revenue of INR 301.73 billion. Monday, shares of the company closed marginally higher at INR 121.11 per share on the National Stock Exchange.  End

 

Reported by Anshul Choudhary

Edited by Rajeev Pai

 

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