Apollo Global Management to Acquire Forvia’s Auto Interiors Division for €1.82 Billion

Apollo Global Management Inc. has entered into a definitive agreement to acquire the auto interiors unit of Forvia SE, marking a strategic expansion of the private equity firm's footprint in the automotive supply chain. The transaction is valued at an enterprise value of €1.82 billion, which is approximately $2.1 billion. This divestiture allows Forvia to streamline its operational focus while providing Apollo with a significant asset in the vehicle interior components market. According to the announcement, the deal remains subject to customary closing conditions, including necessary regulatory approvals. Apollo expects the transaction to be finalized during the second half of the current year. For the broader market, the move highlights the continued appetite of private equity firms for industrial assets during a period of automotive transition. The acquisition reflects a strategic bet on the resilience and evolution of vehicle interior technologies and the efficiency of the global automotive supply chain.