Apollo Global Management to Expand Automotive Footprint via Forvia Interiors Acquisition

Apollo Global Management, Inc. (APO) announced on Monday that its managed funds have agreed to acquire the Interiors Business Group of Forvia SE. The transaction is structured as a carve-out, separating the interiors division from the parent company to operate as an independent entity. The acquired business is a primary supplier of automotive interior systems, specializing in the production of center consoles, door panels, and instrument panels. The unit maintains a comprehensive manufacturing and engineering footprint across North America, Europe, and Asia, serving a wide array of global original equipment manufacturers (OEMs). This acquisition is part of a broader strategic effort by Apollo to consolidate its position within the automotive supply chain. The firm currently manages a substantial portfolio of automotive assets, including Tenneco, TI Automotive, and Panasonic Automotive, which collectively generate roughly $28 billion in annual revenue. Apollo executives stated that the firm's extensive experience in executing complex carve-outs and its deep sector expertise make it a strong partner to reinforce the company's global leadership. The transition to an independent company is intended to provide a stronger strategic focus and a foundation for long-term growth. The deal is expected to close in the second half of 2026.