Magna Announces Sale of Its Lighting and Rooftop Systems Businesses
Rhea-AI Summary
Magna (NYSE: MGA) has signed definitive agreements to divest its Lighting and Rooftop Systems businesses, which together generated approximately $1.1 billion in global sales in 2025 ($1.0 billion Lighting; $100 million Rooftop Systems).
Three separate transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Magna said it does not expect these divestitures to affect its 2026 adjusted diluted EPS outlook.
Positive
- Combined sales of $1.1 billion in 2025
- Lighting business sales of $1.0 billion in 2025
- Rooftop Systems sales of $100 million in 2025
- Transactions expected to close in H2 2026
- Company expects no impact to 2026 adjusted diluted EPS outlook
Negative
- Divestitures remove $1.1 billion from Magna's 2025 revenue base
- All transactions subject to customary closing conditions and regulatory approvals
News Market Reaction – MGA
In the Apr 9 session, MGA gained 0.82%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 27 | Annual report posted | Neutral | -1.8% | Release of 2025 Annual Report and meeting details with modest price decline. |
| Mar 24 | Product launch | Positive | +1.9% | Launch of DHD REX hybrid drive targeting range‑extended EV applications. |
| Feb 13 | Earnings and outlook | Positive | +18.9% | Q4 2025 results and 2026 guidance including sales, margin and EPS outlook. |
| Jan 22 | Earnings date set | Neutral | -0.3% | Announcement of timing and access details for Q4 and year‑end results webcast. |
| Jan 05 | Tech collaboration | Positive | +3.0% | Expanded NVIDIA collaboration for DRIVE Hyperion‑compatible ECUs and integration. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Magna news, especially strategic and earnings updates, has generally seen positive price alignment, with strong upside on the latest earnings and constructive reactions to technology collaborations.
Over the past months, Magna’s key events included its Q4 2025 results and 2026 outlook on Feb 13, 2026, which drove a 18.87% gain as investors reacted to guidance and capital return plans. Technology and partnership news, such as the NVIDIA DRIVE AV collaboration on Jan 5, 2026 and the DHD REX hybrid drive launch on Mar 24, 2026, also produced positive moves. Routine filings, like the 2025 Annual Report posting and earnings date announcement, saw small, mixed reactions. Today’s portfolio divestiture fits into an ongoing strategic repositioning trend.
Key Terms
regulatory approvals regulatory
forward-looking statements regulatory
annual report on form 40-f regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Definitive agreements signed to divest Lighting and Rooftop Systems businesses
- Businesses generated approximately
$1.1 billion in combined global sales in 2025 - Transactions expected to close in the second half of 2026
AURORA, Ontario, April 09, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today 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.
“Today’s announcement underscores our commitment to actively managing our portfolio in line with our guiding principles,” said Swamy Kotagiri, Magna Chief Executive Officer. “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
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.
INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com │ 248.761.7004
ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.
