Automotive parts supplier Amaneos, part of German private equity firm Mutares, has finalised its purchase of Canadian automotive supplier Magna’s European automotive lighting operations.
The acquired unit will become part of Amaneos’ subsidiary Light Mobility Solutions (LMS).
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The deal completes an agreement first announced in April, when Mutares said it would acquire two supplier businesses from Magna to bolster Amaneos and HiLo Group.
Mutares said the purchase fits its strategy of backing structural growth across its portfolio companies, with an emphasis on expansion across the US and Europe, as well as pursuing significant exit opportunities.
The business being acquired posted revenue of roughly €200m ($227.9m) in 2025 and has a workforce of around 1,500.
Its product range spans rear, front and accent lighting, along with illuminated grille and panel systems built on LED, OLED, micro/mini-LED and matrix ADB technology.
The deal encompasses two manufacturing sites, located in Moncalieri, Italy, and Kostrzyn nad Odrą, Poland, as well as engineering hubs in Rivoli, Italy, and Ostrava, Czech Republic.
Amaneos said it plans to combine Magna’s front and rear lighting technology with LMS’s exterior panel offerings, shifting from supplying standalone components to delivering more complex, technology-driven modules.
The company said this shift is expected to give OEMs greater functionality, more design flexibility and fewer interface-related complications.
It added that pooling R&D, procurement and production capabilities should aid innovation and boost operational efficiency.
Magna announced in April that it was divesting its lighting and rooftop systems divisions across three separate deals, as part of a broader restructuring of its Power & Vision segment.
The two units combined reported global revenue of around $1.1bn in 2025, comprising roughly $1bn from lighting and $100m from rooftop systems, with the sales structured on a regional basis.
