Forvia announced on April 27th that they reached an agreement with Apollo-managed funds (“Apollo funds”) for the sale of their Interiors Business Group, based on an enterprise value of €1.82 billion (the “Transaction”).
Forvia said: “The future closure of this Transaction would represent a key milestone in the execution of our IGNITE strategy, as presented at our Capital Markets Day on February 24, 2026.
It would enable us to sharpen our focus on high value-added, technology-driven activities, while reinforcing our financial structure, particularly through a reduction of net debt of at least €1 billion.”
The Transaction is subject to information or consultation of the employee representative bodies and customary regulatory clearances.
Pending these important actions, closing is targeted by year-end.
Forvia said also that the new ownership intends to support the development and transformation of the Interiors Business Group, drawing on its expertise and exclusive ownership approach.
To note that this Interiors Business Group covers all activities related to vehicle interior modules, including:
- Dashboard
- Center consoles
- Doors panels
- Cockpit modules
- Interior assembly and integration solutions
- Materials and processes for automotive interiors (structures, surfaces, finishes)
It is a high‑volume business, traditionally less technology‑driven than other FORVIA segments. And so Interior Lighting will remain in Forvia.
