Samvardhana Motherson International Limited approved a proposal to acquire the automotive wiring harness business of Nexans autoelectric GmbH and Elektrokontakt GmbH through its indirect wholly owned subsidiary, Motherson Global Investments B.V., as part of an effort to expand its global wiring harness operations.
The transaction involves the acquisition of business assets, certain real estate in Germany, and full ownership of multiple overseas subsidiaries, and is subject to regulatory approvals and employee consultation processes.
The company said in a stock exchange filing that the acquisition will be executed through a master framework agreement, followed by a series of share purchase and asset purchase agreements covering subsidiaries and assets across several geographies.
The company said in a stock exchange filing that the acquisition will be executed through a master framework agreement, followed by a series of share purchase and asset purchase agreements covering subsidiaries and assets across several geographies.
Samvardhana Motherson International Limited is a global automotive and industrial components manufacturer with operations spanning multiple product segments and geographies. The company stated that the transaction is expected to strengthen its presence with passenger vehicle original equipment manufacturers globally, provide access to an experienced management team and a broad research and development network, and complement its existing wiring harness operations.
Completion of the transaction is subject to merger control approvals from the European Commission, national merger control authorities in Brazil and the United States, and clearance from the Committee on Foreign Investment in the United States. Subject to fulfilment of all conditions precedent, the acquisition is expected to be completed by the first quarter of financial year 2026–27.
