Motherson to acquire Nexans Autoelectric wiring harness biz for EUR 207 million

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

MOTHERSON · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%-0.9% vs market

Auto Components & Equipments peers, median of 110sector+1.1%-1.2% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty 100 and 1.2 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved acquisition of 100 percent of Nexans Autoelectric GmbH global wiring harness business via indirect wholly owned unit MGI B.V. at EUR 207 million enterprise value on cash and debt free basis. Target reported EUR 749 million revenue in CY2024, operates 22 plants across 11 countries with 13000 employees and 800 engineers. Major customers include BMW, Mercedes, Audi, VW, Porsche. Deal is synergistic with Motherson existing wiring harness division and expected to be cash EPS accretive. Closure targeted Q1 FY27 subject to EU, US and Brazil regulatory approvals.

Likely market impact

Strengthens Motherson global wiring harness presence, adds premium OEM customers, and is expected to be cash EPS accretive. Positive for long term growth.