The Economic Times News

SAMIL in talks to acquire Nexans Autoelectric wiring harness biz at 207 mn euros enterprise value

Auto components giant SAMIL is set to expand its global reach in wiring harness solutions. The company is in exclusive talks to acquire the global wiring harness business of Nexans AutoElectric GmbH. This deal, valued at 207 million euros, aims to strengthen SAMIL's position in the automotive sector.