Samvardhana Motherson International (SAMIL) has approved the acquisition of the global automotive wiring harness businesses of Germany-based Nexans Autoelectric GmbH and Elektrokontact GmbH at an enterprise value of €207 million, or over Rs 21.75 billion. The move is aimed at strengthening Motherson’s wiring harness capabilities, expanding its global footprint, and supporting a broad mix of powertrain technologies.The proposed transaction follows the signing of a master framework agreement after entering into exclusive negotiations. Under this framework, a series of share and asset purchase agreements will be executed to transfer ownership of multiple subsidiaries and assets of the Autoelectric business to Motherson.Autoelectric is a 60-year-old global manufacturer of automotive wiring harnesses serving both passenger vehicles (PVs) and commercial vehicles (CVs). For the calendar year 2024, the business reported revenues of €749 million, with PVs accounting for about 81 per cent of sales and CVs contributing the remaining 19 per cent. The company is well positioned to cater to evolving powertrain requirements, including internal combustion engine (ICE), hybrid, and electric vehicles.The Autoelectric business operates 22 manufacturing facilities across 11 countries and is supported by more than 800 engineers and a workforce exceeding 13,000 employees. Motherson said the acquisition will enhance its ability to serve global OEM customers while adding new geographies and engineering capabilities to its existing portfolio.Commenting on the acquisition, Vivek Chaand Sehgal, Chairman, Motherson Group, said, “This acquisition is a significant milestone for Motherson. It will enable us to support our key customers with wiring harness solutions and expand our global footprint to additional locations. We believe that our executional capabilities, combined with Autoelectric’s strong engineering capabilities and customer relationships, will drive innovation and sustainable growth.”The transaction is expected to be cash EPS accretive and is subject to consultations with employee representatives and receipt of regulatory approvals. The company expects the deal to close by Q1 FY27.