Nexans sells Autoelectric to Motherson for €207mn, completing its strategic shift
French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
| Countries | Allemagne, France, Inde |
|---|---|
| Companies | Nexans, Motherson, Prysmian, Latour Capital |
| Sector | Mobilité, Réseaux électriques, Flottes électriques, Transport |
| Theme | Investissements & Transactions |
French cable manufacturer Nexans has entered exclusive negotiations with Indian group Motherson for the sale of its German subsidiary Autoelectric, which specialises in automotive wiring harnesses. The €207mn ($227mn) transaction represents the final step in Nexans’ strategic shift towards electrification.
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