Motherson completes acquisition of Nexans subsidiaries, forming indirect wholly owned subsidiary Autoelectric
Samvardhana Motherson International Limited announced that it has completed the acquisition of several businesses and assets related to Nexans autoelectric GmbH and Elektrokontact GmbH. The transaction was finalized on July 03, 2026, following the fulfillment of all conditions precedent.Motherson Global Investments B.V. (MGI BV), an indirect wholly owned subsidiary of the Company, executed the acquisition. This deal encompassed the business, assets, and real estate belonging to both Nexans autoelectric GmbH and Elektrokontact GmbH, as well as shares in their various foreign subsidiaries, collectively referred to as Autoelectric.
Following the completion of this strategic transaction, Autoelectric has officially become an indirect wholly owned subsidiary of Samvardhana Motherson International Limited.
The acquired entities and their operations span several international jurisdictions. The list provided includes step down subsidiaries and branch offices situated in countries such as Germany, United States, China, Switzerland, Slovakia, Tunisia, Ukraine, Romania, and Mexico.
Key steps down subsidiaries include:
| Entity Name | Country of Incorporation / Registration |
|---|---|
| Autoelectric Partnership GmbH & Co. KG | Germany |
| Autoelectric of America Inc. | United States of America (Texas) |
| Nexans autoelectric (Tiajin) Co. Ltd. | China |
| Confecta AG | Switzerland |
| ELEKTROCONNECT s.r.o. | Slovakia |
| Assemblage Cable Tunisie | Tunisia |
| Elektrocontact Tunisie | Tunisia |
| Elektrometall s.r.o. | Czech Republic |
| Elektrokontakt Ukraine TVO | Ukraine |
| Elektrokontakt s.r.l. | Romania |
| Autoelectric Process Services s.r.l. | Romania |
| Elektromodul Romania s.r.l. | Romania |
| Elektrokontakt S. de R.L. de C.V. | Mexico |
| Automobile Electric Harnesses Trading Company S. de R.L. de C.V. | Mexico |
MOTHERSON Stock Price Movement
Shares of Samvardhana Motherson International Limited slipped by 0.76% to settle at ₹146.30 in post-market trading today. The stock saw significant activity, recording a total traded volume of 10.13 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.