Key Takeaways
- • Apollo Global Management-managed funds have agreed to acquire Forvia SE's Interiors Business Group in a €1.82bn ($2.1bn) carve-out transaction, with completion expected in the second half of 2026, subject to regulatory approvals.
- • The Interiors Business is a leading global supplier of automotive interior systems including instrument panels, door panels, and center consoles, serving major OEM customers across Europe, North America, and Asia.
- • The divestment aligns with Forvia's "Ignite" strategic initiative to simplify the group's structure following the 2022 merger of Faurecia and Hella, allowing the interiors unit to operate as an independent, standalone company under Apollo ownership.
- • Apollo views the acquisition as a platform to capitalize on automotive industry trends toward premium cabin design, advanced materials, and new technologies that differentiate vehicles in the marketplace.
- • The transaction represents Apollo's strategic entry into the automotive supply chain sector through acquisition of an established, globally-embedded supplier with proven engineering capabilities and a diversified OEM customer base.
Summary
Apollo Global Management has agreed to acquire the Interiors Business Group of Forvia SE in a €1.82bn ($2.1bn) transaction announced on April 27, 2026. The deal will establish Forvia's automotive interiors division as a standalone company under Apollo management, pending customary closing conditions and regulatory approvals. Completion is expected in the second half of 2026.
The Interiors Business represents one of the world's leading suppliers of automotive interior systems, producing instrument panels, door panels, center consoles, and related components for major global original equipment manufacturers. The division maintains a robust global manufacturing and engineering footprint spanning Europe, North America, and Asia, positioning it as deeply embedded across large-scale vehicle programs from top-tier OEM customers. The business benefits from established relationships with a diversified customer base and demonstrated expertise in engineering complex, high-quality interior products at scale.
The acquisition supports Forvia's strategic "Ignite" initiative, which aims to streamline the conglomerate's structure and unlock value following the 2022 combination of Faurecia and Hella. Michael Reiss, Private Equity Partner at Apollo, stated that the automotive interiors industry is experiencing rapid evolution as manufacturers increasingly differentiate vehicles through cabin design, premium materials, and new technologies. As an independent entity with dedicated leadership and resources, Forvia's Interiors Business is positioned to capitalize on these market trends and enhance value delivery to OEM partners globally. Claudia Scarico, also a Private Equity Partner at Apollo, emphasized the business's established position in the international automotive supply chain and its proven ability to engineer complex products at scale.
This transaction reflects Apollo's strategic expansion into the automotive supplier sector, leveraging the carve-out format to extract a mature, cash-generative business with global operational infrastructure and strong customer relationships in a capital-intensive industry undergoing significant technological and design innovation.
The Interiors Business represents one of the world's leading suppliers of automotive interior systems, producing instrument panels, door panels, center consoles, and related components for major global original equipment manufacturers. The division maintains a robust global manufacturing and engineering footprint spanning Europe, North America, and Asia, positioning it as deeply embedded across large-scale vehicle programs from top-tier OEM customers. The business benefits from established relationships with a diversified customer base and demonstrated expertise in engineering complex, high-quality interior products at scale.
The acquisition supports Forvia's strategic "Ignite" initiative, which aims to streamline the conglomerate's structure and unlock value following the 2022 combination of Faurecia and Hella. Michael Reiss, Private Equity Partner at Apollo, stated that the automotive interiors industry is experiencing rapid evolution as manufacturers increasingly differentiate vehicles through cabin design, premium materials, and new technologies. As an independent entity with dedicated leadership and resources, Forvia's Interiors Business is positioned to capitalize on these market trends and enhance value delivery to OEM partners globally. Claudia Scarico, also a Private Equity Partner at Apollo, emphasized the business's established position in the international automotive supply chain and its proven ability to engineer complex products at scale.
This transaction reflects Apollo's strategic expansion into the automotive supplier sector, leveraging the carve-out format to extract a mature, cash-generative business with global operational infrastructure and strong customer relationships in a capital-intensive industry undergoing significant technological and design innovation.
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