Magna International, Inc. (NYSE:MGA) on Thursday announced plans to divest its Lighting and Rooftop Systems businesses as part of a portfolio optimization strategy. The companies did not disclose the terms of the deal.

Transaction Details

Magna signed definitive agreements to sell the businesses through three separate transactions. A global investment firm will acquire Lighting operations across North America, South America, and China, while another firm will acquire European Lighting and Rooftop Systems operations.

The businesses generated approximately $1.1 billion in combined global sales in 2025, including about $1 billion from Lighting and $100 million from Rooftop Systems.

Timeline and Outlook

The company expects to close the transactions in the second half of 2026, subject to customary conditions and regulatory approvals.

Magna said the divestitures will not affect its previously issued 2026 adjusted earnings per diluted share outlook.

“Today’s announcement underscores our commitment to actively managing our portfolio in line with our guiding principles,” said CEO Swamy Kotagiri, adding the company will focus on long-term growth, margin, and returns while ensuring a smooth transition for stakeholders.

Technical Analysis

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