French parts supplier Forvia agreed to sell its automotive interiors division to Apollo Global Management for an enterprise value of €1.82 billion (about $2.1 billion). The unit, which builds instrument panels, door trims and centre consoles, operates across Europe, North America and Asia. The transaction strips the business from Forvia’s balance sheet as it seeks to sharpen its strategic focus on higher‑margin, technology‑driven activities.

By shedding the interiors arm, Forvia expects to cut at least €1 billion of net debt, significantly bolstering its financial flexibility. CEO Martin Fischer said the move lets the group concentrate on high‑value components while handing the interior business to a buyer with “experience and capabilities” to fund its next growth phase. The deal also trims Forvia’s exposure to commodity‑driven segments.

The sale reshapes the European parts market, removing a sizable supplier from Forvia’s portfolio and giving Apollo a foothold in the fast‑growing interior segment. Investors will watch how the debt reduction improves Forvia’s leverage ratios and whether the remaining businesses can deliver stronger margins. The transaction closes a strategic divestiture that repositions Forvia for a clear technology‑focused future.