Magna International (NYSE:MGA), one of the world’s largest automotive suppliers, announced on April 9, 2026, that it has signed definitive agreements to divest its Lighting and Rooftop Systems businesses.
The move marks a significant step in the company’s ongoing strategy to streamline its portfolio and reallocate capital toward high-growth areas of mobility and vehicle electrification.
The two business units combined to generate approximately $1.1 billion in global sales during fiscal 2025.
The Lighting division accounted for the vast majority of that figure, contributing $1 billion, while the Rooftop Systems business generated approximately $100 million.
The divestiture will be executed through three separate transactions.
All are expected to close in the second half of 2026, contingent upon customary closing conditions and required regulatory approvals.