Apollo to Acquire Forvia’s Interiors Unit for €1.82 Billion

Overview

• A deal announced Monday between Apollo‑managed funds and Forvia values the Interiors Business at €1.82 billion and sets it up as a standalone supplier.
• The transaction remains subject to regulatory reviews and formal consultations with employee representatives, with closing expected in the second half of 2026 and Forvia targeting year‑end.
• Forvia plans to use the proceeds to repay debt, saying the sale should cut net debt by at least €1 billion after carve‑out and tax costs.
• The Interiors unit generated about €4.8 billion of 2025 revenue and supplies instrument panels, door panels and center consoles across 59 plants and 8 R&D centers with more than 31,000 employees.
• The price implies roughly 3.1 times 2025 adjusted EBITDA of €582 million, and Apollo cites its auto holdings such as Tenneco, TI Automotive and Panasonic Automotive as proof it can back the carve‑out’s next stage.