APTV · 10-Q · 2026Q2 · Full report

Acquisition / Partnership / Divestiture

Aptiv PLC · 2026-08-04 · Importance 71 · Surprise 60 · In source text

Aptiv completed the separation of its Electrical Distribution Systems business into Versigent on April 1, 2026 and distributed all Versigent ordinary shares pro rata to Aptiv shareholders. Aptiv received an approximately $1.9 billion cash distribution from Versigent, which it used to redeem senior notes and settle a tender offer. The separated business was reclassified as discontinued operations, and the second quarter of 2026 included approximately $50 million of bank-related success fees. Aptiv recognized approximately $201 million of revenue from sales to Versigent during the second quarter of 2026 and incurred $75 million of separation costs during the first six months, including $52 million reclassified to discontinued operations.

Key facts

• The Company received a cash distribution of approximately $1.9 billion from Versigent in connection with the Separation. source
• During the three months ended June 30, 2026, the Company recognized revenue of approximately $201 million for sales to Versigent. source
• Aptiv completed the separation (spin-off) of its Electrical Distribution Systems business into Versigent PLC on April 1, 2026. source
• In April 2024 Aptiv and Hyundai entered into an agreement to restructure Aptiv’s ownership interest in Motional and for Hyundai to provide additional funding, eliminating any future funding obligations for Aptiv; transactions completed in May 2024 reduced Aptiv’s common equity interest from 50% as of December 31, 2023 to approximately 15%. source
• Hyundai invested approximately $440 million in Motional on May 30, 2025, diluting Aptiv's common equity interest in Motional from approximately 15% as of March 31, 2025 to approximately 13%, and Aptiv recognized a gain of approximately $33 million during the year ended December 31, 2025. source
• The Company's previously reported Electrical Distribution Systems segment has been reclassified to discontinued operations as a result of the Separation in April 2026. source
• Aptiv entered into an agreement in June 2026 to acquire 100% of Optical Fiber Packaging Ltd. for approximately £18 million, subject to customary post-closing adjustments, with the acquisition anticipated to close in the second half of 2026. source
• The shareholders of TTTech Auto closed the sale of 100% of TTTech Auto in June 2025, resulting in net cash proceeds to Aptiv of $164 million and a gain of approximately $13 million during the year ended December 31, 2025. source

Impact estimates