The automotive group supplies products including instrument panels, door panels and centre consoles to global automotive OEMs, with manufacturing and engineering operations across Europe, North America and Asia.
Apollo Global Management said the company would be well placed to benefit from growing demand for advanced vehicle interiors, premium materials and new in-cabin technologies.
Apollo partners Michael Reiss and Claudia Scarico said the firm would support the business through its next phase of growth, drawing on its experience in the automotive sector and complex carve-out transactions.
Forvia CEO Martin Fischer said the deal highlighted the division’s industrial strength, market position and growth potential, and thanked employees for their contribution.
Apollo’s automotive portfolio includes Tenneco, TI Automotive and Panasonic Automotive.
The transaction remains subject to regulatory approvals and employee consultation procedures.
