PARIS: FORVIA, a global automotive technology supplier listed on Euronext Paris, today announced that Apollo-managed funds (“Apollo Funds”) have agreed to acquire the FORVIA Interiors business group, based on an enterprise value of €1.82 billion.
The future closing of this Transaction will represent a key milestone in the execution of FORVIA’s IGNITE strategy, as presented at its Capital Markets Day on February 24, 2026 and enable the FORVIA Group to sharpen its focus on high value-added, technology-driven activities, while reinforcing its financial structure, particularly through a reduction of net debt of at least €1 billion.
The Transaction is subject to information or consultation of the employee representative bodies and customary regulatory clearances. Pending these important actions, closing is targeted by year-end.
FORVIA Interiors is a global leader, representing approximately 18% of FORVIA’s consolidated revenue (c. €4.8 billion in 2025), with 59 production sites and 8 R&D centers across 19 countries and more than 31,000 employees worldwide. The new ownership intends to support the development and transformation of the Interiors Business Group, drawing on its expertise and exclusive ownership approach.
Martin Fischer, Chief Executive Officer of FORVIA, said: “The Transaction project announced today reflects the strength and leadership of FORVIA Interiors, as well as the expertise and commitment of its teams. It highlights the Business Group’s solid industrial base, market positioning and value creation potential. I would like to thank all Interiors employees for their contribution. We believe Apollo has the experience and capabilities to support the Interiors Business Group in its next phase of growth.”
Michael Reiss, Private Equity Partner at Apollo, said: “The automotive interiors industry is evolving rapidly as manufacturers increasingly differentiate their vehicles through cabin design, premium materials and new technologies. As an independent company with dedicated leadership and resources, FORVIA’s Interiors Business will be well positioned to capitalize on these trends and deliver even greater value to its OEM partners worldwide.”
The Transaction sets the Interiors Business Group at an enterprise value of €1.82 billion, corresponding to a 3.1 multiple of the €582 million 2025 IFRS Adjusted EBITDA (and a 4.8 multiple excluding R&D capitalization and leases). It is anticipated to result in FORVIA’s net debt reduction of at least €1bn after deduction of minority interests, debt adjustments, including working capital and pension-related items, carve-out and tax costs.
Upon completion, all net proceeds would be used for the repayment of financial debt, resulting in a more resilient balance sheet and enhanced financial flexibility, consistent with management’s strategy to restore the Group’s financial structure.
Evercore acted as lead financial advisor to FORVIA, while Baker McKenzie served as legal counsel supporting the transaction, Crédit Agricole CIB also acted as financial advisor to FORVIA.
Editor’s Note:
This is a significant strategic pivot for FORVIA. By offloading its Interiors unit—a €4.8B revenue generator representing 18% of consolidated sales—management is making a clear trade-off: scale for focus. The 3.1x EBITDA multiple may raise eyebrows, but the real story here is the balance sheet repair. Reduction of net debt by at least €1 billion gives FORVIA breathing room to double down on its IGNITE strategy and high-margin technology plays. For Apollo, this is a classic carve-out play: acquiring a market leader with 31,000 employees and 59 global sites, then running it as an independent pure-play interiors supplier at a time when cabin experience is a growing OEM differentiator. The closing by year-end will be one to watch for supplier-sector M&A momentum.