Nexans Completes the Sale of Autoelectric to Motherson for €207 Million
Nexans has completed the sale of its Autoelectric subsidiary, its automotive wiring harness business, to the Indian group Motherson for an enterprise value of €207 million. This transaction marks the completion of the portfolio rotation initiated in 2021 and the final exit from non-electrification related activities.
A Division with €708 Million in Revenue Sold
Autoelectric, classified as discontinued operations in Nexans' consolidated accounts, generated an annual revenue of approximately €708 million in 2025 and employed nearly 13,000 staff. Since July 1, 2026, the date it was deconsolidated from the group, the contribution of this activity (grouped within the Industry and Solutions segment) is completely excluded from the 2026 guidance. Motherson, a global supplier of automotive equipment and systems, now takes over the operations of Autoelectric to continue its development in the automotive sector.
Completion of the Group's Strategic Transformation
This sale materializes the refocusing announced by Nexans five years ago, which aimed to position the group as a 'pure electrification' player. Julien Hueber, CEO of Nexans, stated: 'The completion of the Autoelectric sale marks the final stage of Nexans' transformation into a pure electrification player. This operation strengthens our strategic priority, improves capital allocation discipline and positions the Group to fully capture the opportunities of the global energy transition.' The group specifies that the transaction enhances its ability to allocate resources towards its three core businesses: PWR Transmission, PWR Grid, and PWR Connect, all dedicated to electrification infrastructure and solutions.
Financial Impact and Implications for Shareholders
The financial impact of this transaction is not quantified in the release. Nexans employs 25,700 staff following this deconsolidation and generated €6.1 billion in standard revenue in 2025.
