Forvia

Money Moves

Executing IGNITE portfolio-simplification strategy under CEO Martin Fischer; selling interiors unit to Apollo to reduce net debt by at least €1 billion and refocus on electronics, lighting and clean-mobility technology

Apollo Global Management agreed on April 27, 2026 to buy Forvia's interiors business for €1.82 billion (about $2.1 billion)—the largest auto-supplier carve-out announced this year. The unit running 59 plants across 19 countries generated €4.8 billion in revenue last year making instrument panels, door panels and center consoles for nearly every major carmaker. Forvia shares surged 8 percent in Paris the following morning as investors welcomed the prospect of more than €1 billion in net debt reduction.

Updated May 31