Nexans enters exclusive negotiations with Motherson for the sale of Autoelectric, marking the final step in the Group’s transformation into a pure electrification player  Paris, December 22nd, 2025 – Nexans announces today having entered into exclusive negotiations with Samvardhana Motherson International Limited (“Motherson”), a leading global supplier of automotive systems and components, for the sale of Nexans’ wiring harness business Autoelectric for an Entreprise Value of € 207 million. Autoelectric, h ...

Core Viewpoint - Nexans has entered exclusive negotiations with Motherson for the sale of its wiring harness business, Autoelectric, for an enterprise value of €207 million, marking the final step in its transformation into a pure electrification player [1][2][3] Company Overview - Nexans is a global player in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [9][11] - The company operates in 41 countries with approximately 28,500 employees and generated €7.1 billion in standard sales in 2024 [11] Transaction Details - Autoelectric, based in Floss, Germany, generated approximately €749 million in annual sales in 2024 and employs nearly 14,000 people [2] - The transaction is expected to be completed by mid-2026, subject to regulatory approvals, and will involve a series of sales of shares and assets [3][5] Strategic Implications - This divestment completes Nexans' strategic shift away from non-electrification activities, allowing it to focus on its "Sparking Electrification" strategy [3] - Motherson is seen as a strategic fit for Autoelectric, providing an environment conducive to growth and innovation in wiring harness solutions [3][12] Financial Outlook - Following the transaction, Autoelectric will be classified as "Assets Held for Sale" in Nexans' 2025 financial statements, and the Industry and Solutions Businesses will be classified as discontinued operations [4][5] - The 2025 guidance has been adjusted to reflect the new scope of continuing operations, with adjusted EBITDA guidance now set at €710 million to €760 million [6][7]