Business
Apollo Funds to Acquire Forvia’s Automotive Interiors Business
Transaction to Establish Leading Global Automotive Interiors Supplier as Standalone CompanyNEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire the Interiors Business Group of Forvia (“Interiors Business” or the “Company”), a leading global supplier of automotive interior systems, from Forvia SE (EPA: FRVIA) in a carve-out transaction. The Interiors Business is one of the world’s leading suppliers of
About this update from Apollo Global Management, Inc. (new)
[{"type":"image","alt":"Apollo Global Management, Inc.","displaySize":"","headline":null,"caption":"Apollo Global Management, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":47,"url":"https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jbg.kCm6kZDXdZHQSaruIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY2/https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d","width":300,"height":47}},"lazy":false},{"type":"text","content":"Transaction to Establish Leading Global Automotive Interiors Supplier as Standalone Company","length":91,"tagName":"p"},{"type":"text","content":"NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire the Interiors Business Group of Forvia (“Interiors Business” or the “Company”), a leading global supplier of automotive interior systems, from Forvia SE (EPA: FRVIA) in a carve-out transaction.","length":343,"tagName":"p"},{"type":"text","content":"The Interiors Business is one of the world’s leading suppliers of automotive interior products including instrument panels, door panels and center consoles, and serves a diversified base of leading global automotive original equipment manufacturers (OEMs). With a global manufacturing and engineering footprint across Europe, North America and Asia, the Company is deeply embedded across a wide range of large-scale vehicle programs and plays an important role in delivering integrated, advanced interior products tailor-made for automotive OEM customers.","length":555,"tagName":"p"},{"type":"text","content":"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.”","length":442,"tagName":"p"},{"type":"text","content":"Claudia Scarico, Private Equity Partner at Apollo, said, “Forvia’s Interiors Business is a well-established supplier in the international automotive supply chain with a global ma...