Private‑equity firm Mutares announced a dual carve‑out from Magna, acquiring two automotive suppliers for roughly $320 million in combined revenue. The European lighting unit, generating about $235 million, will join Amaneos platform, while the car‑top systems business, worth $85 million, feeds into its HiLo Group. Both deals are slated to close in Q2 2026. The carve‑outs also align with Mutares’ strategy to create scale in niche supplier markets.

The acquisitions bolster Mutares’ Automotive & Mobility segment, expanding its product depth in exterior modules and advanced lighting. Integration is expected to unlock operational and commercial synergies, positioning the combined entities as a one‑stop supplier for OEMs seeking integrated roof and lighting systems. CIO Johannes Laumann cited the moves as essential to hitting the firm’s 2026 revenue target of up to €9.1 billion.

Mutares aims to leverage the expanded platform to drive a 25% compound annual growth rate in both group revenue and holding‑company net income through 2030, targeting €165‑200 million earnings. By consolidating complementary product lines, the firm strengthens its bargaining power with major carmakers and readies the businesses for a mid‑term exit. The transaction marks a decisive step toward scaling high‑performance automotive platforms.