Overview
- The agreement, announced Monday, values the interiors business at €1.82 billion and sets it up as a standalone supplier.
- Closing is targeted for the second half of 2026, pending regulatory approvals and required talks with employee representatives.
- Forvia expects to cut net debt by at least €1 billion, with all net proceeds earmarked to repay financial debt.
- The unit generated about €4.8 billion in 2025 sales and operates 59 plants and 8 R&D centers in 19 countries with more than 31,000 employees.
- Apollo says the company will grow as an independent supplier as carmakers seek fresher cabin designs and new in‑car tech, drawing on its experience with Tenneco, TI Automotive and Panasonic Automotive.