Motherson to acquire Nexans Autoelectric wiring harness business for Euro 207 million

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

-0.1%Reaction day

₹121.00

prior close

₹120.87

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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Samvardhana Motherson International Limited (Motherson) will acquire 100% of Nexans autoelectric business (Autoelectric) through its subsidiary MGI B.V. Enterprise value is Euro 207 million, cash and debt free. Autoelectric is a global automotive wiring harness maker with CY2024 revenue of Euro 749 million, 22 facilities across 11 countries, and about 13,000 employees. The deal expands Motherson's wiring harness division into passenger vehicles and is expected to be cash EPS accretive. Closure expected by Q1 FY27, subject to regulatory approvals.

Likely market impact

Strategic acquisition adds global wiring harness scale, expected to boost EPS; subject to regulatory approvals.