03:18 AM EDT, 04/09/2026 (MT Newswires) -- Magna (MGA) said Thursday it agreed to divest its lighting and rooftop system businesses, which generate about $1.1 billion in annual sales, via separate transactions.

One investment firm will acquire certain lighting operations in North America, South America and China, while another will take over the company's European lighting and rooftop systems units, Magna said.

The company expects the deals to close in H2, subject to customary closing conditions and regulatory approvals

Magna said it does not expect the divestitures to affect its previously issued 2026 adjusted earnings outlook.

Financial terms were not disclosed.