en.Wedoany.com Reported - French cable company Nexans announced that it has become a pure electrification company after completing the final step of a business transformation launched in 2021. Five years ago, the company disclosed its intention to divest all non-electrification divisions, and has now achieved this goal by selling its wiring harness business Autoelectric to global automotive supplier Samvardhana Motherson International (Motherson) for €207 million.
Autoelectric achieved annual sales of approximately €708 million in 2025 and employed nearly 13,000 people, who will join Motherson. Nexans CEO Julien Hueber (appointed in October 2025) stated that the sale of Autoelectric "marks the final step in Nexans' transformation into a pure electrification company." He noted that this move strengthens the company's strategic focus, improves capital allocation discipline, and enables the group to fully seize opportunities from the global energy transition. He also said that Autoelectric joining Motherson "is an excellent fit for the next phase of the business's development." Headquartered in Paris, Nexans operates in 41 countries, employs 25,700 people, and achieved sales of €6.1 billion in 2025.
The company also announced a five-year agreement with Norwegian energy company Hydro to supply approximately 85,000 tons of low-carbon aluminum wire rod. Hydro's aluminum will be used in Nexans' power cable solutions business in Europe, supporting medium-voltage grids, overhead transmission lines, and submarine high-voltage infrastructure projects. Growing investments in renewable energy, grid reinforcement, and cross-border power interconnections are driving aluminum demand, while stricter carbon regulations and supply chain pressures continue to reshape the European market.
Both Nexans and Hydro stated that their collaboration will address these challenges by "combining long-term supply security with low-carbon aluminum produced using 100% renewable energy from Norway." Nexans Chief Operating Officer Vijay Mahadevan said: "Europe's electrification ambitions depend not only on generating cleaner energy but also on building the infrastructure needed to efficiently and reliably transport that energy." He believes that securing long-term access to responsibly produced aluminum is essential for delivering the critical grid infrastructure Europe will need over the next decade.
The aluminum supplied is a low-carbon product material with a verified footprint of less than 4.0 kg CO₂ per kg of aluminum, less than one-third of the global average. Hydro stated that using low-carbon aluminum helps reduce embedded emissions associated with power infrastructure projects. Hanne Simensen, Executive Vice President of Hydro's Aluminum Metal division, said: "Europe's shift from imported fossil energy to domestic renewable electricity is creating strong demand for modern power infrastructure. Our goal is to provide stable and reliable low-carbon aluminum solutions that Europe needs to strengthen its grid, competitiveness, and energy security."
