Summary："Nexans Finalizes Strategic Sale of Autoelectric Division to Motherson Group"Paris, July 3rd, 2026 –

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"Nexans Finalizes Strategic Sale of Autoelectric Division to Motherson Group"

Paris, July 3rd, 2026 – In a significant move to refocus its business portfolio, Nexans announced today the completion of the sale of its wiring harness activities, known as Autoelectric, to the Motherson Group. This strategic divestiture marks a crucial step in Nexans' ongoing efforts to streamline its operations and concentrate on its core competencies in the cable industry.

The sale, which was first announced in early 2025, has now been finalized following the receipt of all necessary regulatory approvals. The transaction underscores the growing trend of consolidation within the automotive supply chain, with major players like Motherson expanding their footprint through strategic acquisitions. The Autoelectric division, with its established presence in the wiring harness market, presented an attractive opportunity for Motherson to bolster its capabilities and further diversify its product offerings.

The automotive wiring harness market is undergoing significant transformation, driven by the increasing demand for electric vehicles (EVs) and the integration of advanced technologies such as autonomous driving systems. As the industry shifts towards more complex and sophisticated electrical architectures, suppliers like Motherson are well-positioned to capitalize on these trends. The acquisition of Autoelectric is expected to enhance Motherson's competitiveness in this evolving landscape, providing the company with additional expertise and manufacturing capacity.

From Nexans' perspective, the divestiture of Autoelectric aligns with the company's strategic objective of focusing on its core cable business. By shedding non-core assets, Nexans aims to optimize its operational efficiency and improve its financial performance. The proceeds from the sale are expected to be reinvested in high-growth areas, such as renewable energy and high-voltage transmission projects, where Nexans has a strong presence.

Looking ahead, the sale of Autoelectric to Motherson is likely to have a positive impact on both companies. For Motherson, the acquisition represents a significant step forward in its efforts to expand its automotive wiring harness business. For Nexans, the divestiture marks a key milestone in its journey towards becoming a more focused and agile player in the global cable industry. As the industry continues to evolve, both companies are poised to benefit from their respective strategic initiatives.