April 28, 2026 11:39

Forvia, the automotive components manufacturer created through the merger of Faurecia and Hella, will sell its automotive interiors business, Forvia Interiors, to funds managed by US private equity firm Apollo, based on an enterprise value of €1.82 billion.

Forvia Interiors, one of the world’s leading suppliers of automotive interior components, including dashboards, door panels and centre consoles, operates 59 production sites and eight research and development centres in 19 countries. It employs more than 31,000 people and generated revenue of around €4.8 billion in 2025, equivalent to approximately 18% of the group’s turnover.

The transaction is subject to consultation with employee representative bodies and regulatory clearances, with closing expected by the end of the year.

Forvia’s decision is part of the Ignite restructuring plan, presented in February, which provides for “disciplined deleveraging” of the business. The sale of Interiors will enable the group to reduce its debt by at least €1 billion, after the deduction of minority interests, debt adjustments — including working capital and pension-related items — as well as carve-out and tax costs.

The automotive investment portfolio of Apollo-managed funds includes Tenneco, TI Automotive and Panasonic Automotive, which together generate $28 billion in annual revenue and employ more than 120,000 people in 50 countries.

“The automotive interiors industry is evolving rapidly as manufacturers increasingly differentiate their vehicles through cabin design, premium materials and new technologies,” said Michael Reiss, Private Equity Partner at Apollo. “As an independent company with dedicated leadership and resources, Forvia’s Interiors Business will be well positioned to capitalise on these trends and deliver even greater value to its OEM partners worldwide.”

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