Magna International Inc. (TSX: MG; NYSE: MGA) just announced that it has entered into definitive agreements to divest its Lighting business through two separate transactions, as well as its Rooftop Systems business in a third transaction.
A global investment firm will acquire the Lighting operations serving front and rear lighting programs in North America, South America and China. A separate investment firm will acquire Magna’s European Lighting and Rooftop Systems operations.
“Today’s announcement underscores our commitment to actively managing our portfolio in line with our guiding principles,” said Swamy Kotagiri, Magna Chief Executive Officer. “Magna will continue to focus on businesses that advance our long-term growth, margin, and return objectives. We are committed to ensuring a smooth transition for employees, customers, and all other stakeholders.”
The Lighting and Rooftop Systems businesses are part of Magna’s Power & Vision segment and generated approximately $1 billion and $100 million in global sales, respectively, in 2025.
All three transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Magna does not expect the divestitures to impact its 2026 adjusted earnings per diluted share outlook as previously issued.
For Europe, Mutares signs agreements to acquire two supplier businesses from Magna to strengthen Amaneos and HiLo Group.
Mutares has signed agreements to acquire two automotive supplier businesses from Magna. The transactions are expected to close in Q2 2026, subject to customary regulatory approvals.
Amaneos Group, part of Mutares, will be strategically strengthened by the European automotive lighting business in Europe from Magna. The business, expected to generate approximately USD 235 million in revenues in 2025, will serve as a transformational add-on for Light Mobility Solutions GmbH (LMS). The acquisition enhances the Group’s capabilities by combining exterior modules with advanced lighting technologies, creating a fully integrated exterior systems platform. By integrating lighting systems into exterior panels, the Group improves product differentiation, increases value-add per vehicle platform and enhances its positioning as a one-stop shop supplier for OEMs.
In parallel, Mutares has signed an agreement to acquire Magna’s car top systems business. The business, with expected revenues of approximately USD 85 million in 2025, will complement and strengthen the HiLo Group and its capabilities in roof and exterior systems, combining its existing expertise in hinges and locking systems with advanced roof architectures and mechanisms. This creates a highly complementary platform, enabling the offering of integrated roof and exterior system solutions and increasing system depth and value creation potential.
These acquisitions align with Mutares’ current strategic plan to accelerate the structural growth of its portfolio, with a particular focus on rapid expansion in the US dynamic market and Europe as well as the focus on significant exit processes. This momentum is financially supported by the capital increase announced last week, for which the subscription period is scheduled from 8–21 April 2026.
Johannes Laumann, CIO of Mutares, comments: “Both acquisitions represent a decisive step in building scalable, high-performance platforms within our Automotive & Mobility segment and make them ready for midterm exits. By combining complementary capabilities across exterior, lighting and roof systems, we are significantly increasing our system depth, the value-add per vehicle and our relevance for OEMs. This puts us on track to achieve our 2026 goals of Group revenues between EUR 7.9 billion and EUR 9.1 billion as well as a Holding net income from EUR 165 million to EUR 200 million, and an annual growth in Group revenues and Holding net income of 25% by 2030.”
