Apollo Funds Acquisition of FORVIA Automotive Interiors Business Approved by European Commission

The European Union's executive authority has granted approval for the Apollo Funds FORVIA Automotive Interiors Business acquisition under the EU Merger Regulation. The clearance authorizes Apollo Funds to obtain sole control of the automotive interiors business following an assessment carried out through the European Commission's simplified merger review procedure. The review determined that the proposed transaction satisfies regulatory requirements and can move forward without requiring an in-depth competition investigation.

The approved transaction includes three major business entities operating across multiple regions. These comprise FORVIA's Faurecia Interiors Holding SAS in France, Faurecia Automotive Interior System (Shanghai) Co Ltd in China, and Faurecia Interior Systems USA Holdings LLC in the United States. Collectively, these businesses form the Automotive Interiors Business covered by the acquisition and represent the operations that will come under Apollo Funds' sole control following completion of the transaction.

Businesses Included in the Approved Acquisition

The following table summarizes the entities included within the transaction reviewed by the European Commission.

Companies Covered Under the Transaction

European Commission Finds No Competition Concerns

Following its examination, the European Commission concluded that the acquisition would not create competition concerns because the companies involved maintain limited market positions within the relevant sectors. As a result, the transaction qualified for assessment under the simplified merger review procedure, allowing the approval process to be completed efficiently while remaining fully compliant with the EU Merger Regulation. The decision enables the acquisition to proceed without additional regulatory obstacles.

Frequently Asked Questions

What did the European Commission approve in this transaction?
The European Commission approved Apollo Funds' acquisition of sole control of the FORVIA Automotive Interiors Business under the EU Merger Regulation. The transaction includes Faurecia Interiors Holding SAS in France, Faurecia Automotive Interior System (Shanghai) Co Ltd in China, and Faurecia Interior Systems USA Holdings LLC in the United States. After reviewing the companies' market positions through its simplified merger review procedure, the Commission concluded that the acquisition would not raise competition concerns and therefore granted regulatory clearance.