Magna to divest lighting business, rooftop systems business

Magna (MGA) announced that it 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. The lighting and rooftop systems businesses are part of Magna’s power and vision segment and generated approximately $1B and $100M in global sales, respectively, in 2025. All three transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Magna does not expect the divestitures to impact its 2026 adjusted earnings per diluted share outlook as previously issued.