Apollo Global Management has agreed to acquire the automotive interiors division of Forvia for €1.82 billion ($2.13 billion), marking one of the most significant private equity deals in the global auto supply chain this year. The transaction, announced in April 2026, is part of Forvia’s broader strategy to reduce debt and refocus on higher-value, technology-driven operations, as reported by Bloomberg.
The business being sold produces key vehicle components such as dashboards, door panels, and centre consoles, and generated roughly €4.8 billion in revenue in 2025, about 18% of Forvia’s total sales. It also includes a global footprint of 59 manufacturing sites, eight R&D centres, and more than 31,000 employees across multiple continents, highlighting the scale of the carve-out, as highlighted by GlobeNewsWire.
Forvia expects the deal to reduce its net debt by at least €1 billion and strengthen its balance sheet as it continues restructuring following its 2022 merger between Faurecia and Hella. The company has prioritised deleveraging amid challenging market conditions and slowing automotive demand, with executives signalling a sharper focus on advanced mobility technologies.
For Apollo, the acquisition reflects a strategic bet on the evolving automotive interiors market, where manufacturers are increasingly differentiating vehicles through cabin design, premium materials, and integrated technologies. The private equity firm plans to operate the unit as a standalone company, positioning it to capture growth as vehicle interiors become a key battleground for innovation and consumer experience, The Wall Street Journal reported.
The deal is expected to close by the end of 2026, subject to regulatory approvals, and underscores continued consolidation and restructuring across the global automotive supply chain as companies adapt to electrification, cost pressures, and shifting consumer expectations.
