Apollo acquires Forvia Interiors unit for €1.82bn, cuts net debt by €1bn
Apollo Global Management will acquire Forvia’s Interiors Business Group in a €1.82bn carve-out, reducing Forvia’s net debt by at least €1bn post-closing. The division, generating €4.81bn revenue and €582m adjusted EBITDA in 2025, operates 59 production sites across 19 countries with over 31,000 employees.
1. Deal Overview
Apollo Global Management agreed to purchase Forvia’s Interiors Business Group in a carve-out transaction valued at €1.82bn, representing $2.13bn in dollar terms. The sale is expected to close by end-2026 subject to regulatory approvals and employee consultations.
2. Financial Metrics and Impact
The unit reported €4.81bn revenue and €582m adjusted EBITDA in fiscal 2025, valued at 3.1x EBITDA or 4.8x excluding R&D capitalisation and leases. Forvia anticipates reducing its net debt by at least €1bn post-closing, with all proceeds earmarked for debt repayment.
3. Strategic Rationale and Future Outlook
Forvia will reinvest in higher value-added, technology-driven activities under its IGNITE strategy, while Apollo Funds will support the new standalone business across 59 production sites and eight R&D centres in 19 countries. Apollo expects to leverage the division’s strong industrial base to drive value creation with OEM partners.