APTV · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

Aptiv PLC · 2026-11-03 · Importance 71 · Surprise 60 · In source text

Aptiv completed the separation of its Electrical Distribution Systems business into Versigent on April 1, 2026, distributing all Versigent ordinary shares pro rata to Aptiv shareholders and receiving a $1.9 billion cash distribution. Versigent issued approximately $2.1 billion of debt to finance that distribution; the debt became Versigent’s obligation after the separation, not Aptiv’s. Aptiv incurred $85 million of separation costs in the first nine months of 2026, including $50 million of bank-related success fees reclassified to discontinued operations, and reported $408 million of sales to Versigent. Aptiv also acquired Optical Fiber Packaging Ltd. for approximately $25 million in cash in August 2026 and purchased Intercable Automotive Solutions’ remaining 15% interest for approximately $67 million in June 2026, bringing ownership to 100%.

Key facts

• Aptiv completed the Separation of its Electrical Distribution Systems business on April 1, 2026, distributing all outstanding Versigent ordinary shares pro rata to Aptiv shareholders. source
• Aptiv completed the separation of its Electrical Distribution Systems business on April 1, 2026, distributing one Versigent ordinary share for every three Aptiv ordinary shares outstanding as of March 17, 2026. source
• Aptiv and Versigent entered into a Transition Services Agreement and other separation agreements; transition services primarily involve Aptiv providing IT services to Versigent for up to 24 months after the Separation. source
• Aptiv received net cash proceeds of $164 million from the June 2025 sale of TTTech Auto and recognized a gain of approximately $13 million, including $6 million of accumulated currency translation adjustments. source
• Aptiv incurred approximately $10 million and $85 million of Separation costs during the three and nine months ended September 30, 2026, respectively; approximately $0 million and $52 million, respectively, were reclassified to discontinued operations. source
• StradVision completed its IPO on June 30, 2026, diluting Aptiv’s common equity interest from 41% at March 31, 2026 to approximately 36% at June 30, 2026. source
• Aptiv acquired 100% of Optical Fiber Packaging Ltd. on August 28, 2026, for approximately $25 million; its results are reported in Engineered Components from the acquisition date. source
• Aptiv incurred approximately $50 million in bank-related success fees for the Separation during the nine months ended September 30, 2026, reclassified to discontinued operations. source

Impact estimates