{"id":950073,"date":"2026-04-09T02:03:02","date_gmt":"2026-04-09T06:03:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\/"},"modified":"2026-04-09T02:03:02","modified_gmt":"2026-04-09T06:03:02","slug":"magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\/","title":{"rendered":"Magna Announces Sale of Its Lighting and Rooftop Systems Businesses"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>Definitive agreements signed to divest Lighting and Rooftop Systems businesses<\/li>\n<li>Businesses generated approximately $1.1 billion in combined global sales in 2025<\/li>\n<li>Transactions expected to close in the second half of 2026\u00a0\u00a0<\/li>\n<\/ul>\n<p>\n        <br \/>AURORA, Ontario, April  09, 2026  (GLOBE NEWSWIRE) &#8212; 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.<\/p>\n<p>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\u2019s European Lighting and Rooftop Systems operations.<\/p>\n<p>\u201cToday\u2019s announcement underscores our commitment to actively managing our portfolio in line with our guiding principles,\u201d said Swamy Kotagiri, Magna Chief Executive Officer. \u201cMagna 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.\u201d<\/p>\n<p>The Lighting and Rooftop Systems businesses are part of Magna\u2019s Power &amp; Vision segment and generated approximately $1 billion and $100 million in global sales, respectively, in 2025.<\/p>\n<p>All three transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.<\/p>\n<p>Magna does not expect the divestitures to impact its 2026 adjusted earnings per diluted share outlook as previously issued.<\/p>\n<p>\n        <strong>INVESTOR CONTACT <\/strong><br \/>\n        <br \/>Louis Tonelli, Vice President, Investor Relations <br \/>louis.tonelli@magna.com \u2502 905.726.7035<\/p>\n<p>\n        <strong>MEDIA CONTACT <\/strong><br \/>\n        <br \/>Tracy Fuerst, Vice President, Corporate Communications &amp; PR<br \/>tracy.fuerst@magna.com \u2502 248.761.7004<\/p>\n<p>\n        <strong>A<\/strong><br \/>\n        <strong>BOUT MAGNA <\/strong><br \/>\n        <br \/>Magna is one of the world\u2019s largest automotive suppliers and a trusted partner to automakers in the industry\u2019s most critical markets\u2014North 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.\u200b<br \/>\u200b<br \/>For further information about Magna (NYSE:MGA; TSX:MG), please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l8KYC6kw25q8POk-xrWkX27uNOQ4vF2qCz1v2mcnfDSOPlXUvVIdE4uhbpoUBvad_iMaFbgDUPn2cfU2jLgIcVtcg19BKXbHEzmE0I1i3o0=\" rel=\"nofollow\" target=\"_blank\"><strong>www.magna.com<\/strong><\/a> or follow us on social.<\/p>\n<p>\n        <strong>THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE \u201cFORWARD-LOOKING STATEMENTS\u201d UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA\u2019S REGULATORY FILINGS. PLEASE REFER TO MAGNA\u2019S MOST CURRENT MANAGEMENT\u2019S 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\u2019S 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\u2019S WEBSITE AT WWW.MAGNA.COM.<\/strong>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NjE4NCM3NTI1Mjk0IzIwMDg4MTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2U5ZGFhNjEtZWM2NC00MzU0LWFiMmYtM2FhYmY4MDk0MzkxLTEwMjAzODgtMjAyNi0wNC0wOS1lbg==\/tiny\/Magna-International-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0\u00a0 AURORA, Ontario, April 09, 2026 (GLOBE NEWSWIRE) &#8212; 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\u2019s European Lighting and Rooftop Systems operations. \u201cToday\u2019s announcement underscores our commitment to actively managing our portfolio &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Magna Announces Sale of Its Lighting and Rooftop Systems Businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-950073","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magna Announces Sale of Its Lighting and Rooftop Systems Businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magna Announces Sale of Its Lighting and Rooftop Systems Businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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\u00a0\u00a0 AURORA, Ontario, April 09, 2026 (GLOBE NEWSWIRE) &#8212; 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\u2019s European Lighting and Rooftop Systems operations. \u201cToday\u2019s announcement underscores our commitment to actively managing our portfolio &hellip; Continue reading &quot;Magna Announces Sale of Its Lighting and Rooftop Systems Businesses&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T06:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NjE4NCM3NTI1Mjk0IzIwMDg4MTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Magna Announces Sale of Its Lighting and Rooftop Systems Businesses\",\"datePublished\":\"2026-04-09T06:03:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY4NjE4NCM3NTI1Mjk0IzIwMDg4MTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-announces-sale-of-its-lighting-and-rooftop-systems-businesses\\\/\",\"name\":\"Magna Announces Sale of Its Lighting and Rooftop Systems Businesses - 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