Key Takeaways
- • Apollo-managed funds agreed to acquire Forvia's Interiors Business Group for €1.82 billion ($2.13 billion) enterprise value in a carve-out transaction announced April 27, 2026.
- • The Interiors Business represents approximately 18% of Forvia's consolidated revenue (€4.8 billion in 2025) with 59 production sites, 8 R&D centers across 19 countries, and more than 31,000 employees globally.
- • The transaction aligns with Forvia's IGNITE strategy to focus on high value-added, technology-driven activities and will reduce net debt by at least €1 billion, strengthening the parent company's financial structure.
- • As an independent entity under Apollo ownership, the Interiors Business will capitalize on industry trends including vehicle cabin differentiation, premium materials, and advanced interior technologies for global automotive OEM customers.
- • Transaction closing is targeted by year-end 2026, subject to employee consultation and customary regulatory clearances.
Summary
Apollo Global Management has agreed to acquire the Interiors Business Group of France-based automotive supplier Forvia in a €1.82 billion ($2.13 billion) enterprise value transaction announced on April 27, 2026. The carve-out deal establishes Forvia's automotive interiors division as an independent, standalone company under Apollo's ownership, marking a significant strategic repositioning for both parties.
The Interiors Business is a global leader in automotive interior systems, generating approximately €4.8 billion in revenue during 2025—roughly 18% of Forvia's total consolidated revenue. The business operates 59 production sites and 8 research and development centers across 19 countries, employing more than 31,000 people worldwide. As a supplier to major automotive original equipment manufacturers, the division manufactures instrument panels, door panels, center consoles, and other integrated interior products, with manufacturing and engineering capabilities spanning Europe, North America, and Asia.
For Forvia, the transaction represents a cornerstone of its IGNITE strategic plan, unveiled at the company's Capital Markets Day on February 24, 2026. By divesting the Interiors Business, Forvia aims to sharpen its strategic focus on higher-margin, technology-driven activities while substantially improving its balance sheet. The transaction is expected to reduce net debt by at least €1 billion, materially strengthening Forvia's financial position. Forvia CEO Martin Fischer emphasized the business's "solid industrial base, market positioning and value creation potential" while expressing confidence in Apollo's ability to support the unit's next growth phase.
Apollo Private Equity Partners Michael Reiss and Claudia Scarico highlighted the rationale for the acquisition, noting that the automotive interiors industry is experiencing rapid evolution as manufacturers increasingly differentiate vehicles through cabin design, premium materials, and emerging technologies. As a dedicated, independently operated company with Apollo's resources and expertise, the Interiors Business is positioned to serve global OEM customers more effectively and capitalize on these industry tailwinds.
The transaction remains subject to employee consultation processes and customary regulatory approvals, with closing targeted by the end of 2026.
The Interiors Business is a global leader in automotive interior systems, generating approximately €4.8 billion in revenue during 2025—roughly 18% of Forvia's total consolidated revenue. The business operates 59 production sites and 8 research and development centers across 19 countries, employing more than 31,000 people worldwide. As a supplier to major automotive original equipment manufacturers, the division manufactures instrument panels, door panels, center consoles, and other integrated interior products, with manufacturing and engineering capabilities spanning Europe, North America, and Asia.
For Forvia, the transaction represents a cornerstone of its IGNITE strategic plan, unveiled at the company's Capital Markets Day on February 24, 2026. By divesting the Interiors Business, Forvia aims to sharpen its strategic focus on higher-margin, technology-driven activities while substantially improving its balance sheet. The transaction is expected to reduce net debt by at least €1 billion, materially strengthening Forvia's financial position. Forvia CEO Martin Fischer emphasized the business's "solid industrial base, market positioning and value creation potential" while expressing confidence in Apollo's ability to support the unit's next growth phase.
Apollo Private Equity Partners Michael Reiss and Claudia Scarico highlighted the rationale for the acquisition, noting that the automotive interiors industry is experiencing rapid evolution as manufacturers increasingly differentiate vehicles through cabin design, premium materials, and emerging technologies. As a dedicated, independently operated company with Apollo's resources and expertise, the Interiors Business is positioned to serve global OEM customers more effectively and capitalize on these industry tailwinds.
The transaction remains subject to employee consultation processes and customary regulatory approvals, with closing targeted by the end of 2026.
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