Magna International Inc. MGA has signed definitive agreements to sell off its Lighting business through two separate deals, along with its Rooftop Systems unit in a third transaction.
Under the terms, one global investment firm will acquire the Lighting operations that support front and rear lighting programs across North America, South America and China. Another investment firm will take over Magna’s European Lighting operations as well as its Rooftop Systems business.
Both the Lighting and Rooftop Systems units fall under Magna’s Power & Vision segment and generated about $1 billion and $100 million in global revenues, respectively, in 2025.
All three deals are anticipated to be completed in the second half of 2026, pending standard closing conditions and regulatory approvals.
Per Magna, these divestments are not expected to affect its previously issued 2026 adjusted earnings per diluted share outlook.
Magna projects its 2026 revenues to fall between $41.9 billion and $43.5 billion compared with $42B recorded in 2025. The company anticipates an adjusted EBIT margin of 6-6.6%, up from 5.6% last year. Adjusted diluted EPS is expected to be in the range of $6.25 to $7.25. MGA stock currently sports a Zacks Rank #1 (Strong Buy).
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