Magna to divest lighting and rooftop systems units

Magna International has signed definitive agreements to divest its Lighting business through two separate transactions and its Rooftop Systems business in a third, with all deals expected to close in the second half of 2026. The three businesses generated approximately US$1.1bn in combined global sales in 2025 and form part of Magna’s Power & Vision segment.

One investment firm will acquire Magna’s Lighting operations serving front and rear lighting programmes in North America, South America and China. A second firm will acquire Magna’s European Lighting and Rooftop Systems operations. The Lighting business accounted for approximately US$1bn in 2025 sales, with Rooftop Systems contributing around US$100m.

All three transactions remain subject to customary closing conditions and regulatory approvals. Magna said the divestitures are not expected to affect its 2026 adjusted earnings per diluted share outlook.

In a statement, Swamy Kotagiri, Chief Executive Officer, said: “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.”

Source: Magna