Magna International Inc., has entered into definitive agreements to divest its Lighting business through two separate transactions, as well as its Rooftop Systems business in a third transaction.
A global investment firm will acquire the lighting operations serving front and rear lighting programs in North America, South America and China. A separate investment firm will acquire Magna’s European Lighting and Rooftop Systems operations.
Commenting on the development, Swamy Kotagiri, Chief Executive Officer, Magna, said, “The announcement underscores our commitment to actively managing our portfolio in line with our guiding principles. Magna will continue to focus on businesses that advance our long-term growth, margin, and return objectives. We are committed to ensuring a smooth transition for employees, customers, and all other stakeholders.”
The Lighting and Rooftop Systems businesses are part of Magna’s Power & Vision segment and generated approximately $1 billion and $100 million in global sales, respectively, in 2025.
