Versigent PLC, formerly Aptiv PLC’s Electrical Distribution Systems unit, completed its separation and began trading on the New York Stock Exchange on April 1 2026 under the ticker symbol VGNT.
The spin‑off is part of Aptiv’s broader transformation strategy to create two focused entities: “New Aptiv,” which will concentrate on high‑margin software and engineered‑components businesses, and Versigent, which will specialize in low‑ and high‑voltage electrical architectures for automotive and commercial vehicles. The separation is intended to unlock shareholder value by allowing each company to pursue its own growth trajectory.
Versigent’s standalone financial performance in 2025 was strong, with revenue of approximately $8.8 billion, net income of $528 million, and adjusted EBITDA of $893 million. In contrast, Aptiv’s Q4 2025 results showed revenue of $5.2 billion, a 5% year‑over‑year increase, and adjusted earnings per share of $1.86; the full‑year 2025 revenue was $20.4 billion, up 3% from the prior year.
Following the spin‑off, Aptiv is expected to achieve higher profitability, with projected S&P Global Ratings‑adjusted EBITDA margins of about 20‑21% in 2026 and 2027, up from mid‑teens before the separation. The divestiture of the labor‑intensive electrical distribution business is expected to lift margins and accelerate growth in the company’s higher‑margin segments.
Aptiv’s Q4 2025 earnings release, which coincided with discussions of the spin‑off, saw the company’s shares dip 1.56% in pre‑market trading, reflecting market concerns about the 2026 outlook and the upcoming separation. UBS upgraded Aptiv’s rating to “Buy,” citing the compelling upside from the Versigent spin‑off and signaling confidence in the company’s post‑spin‑off trajectory.
Versigent’s listing on the NYSE will replace Titan International in the S&P SmallCap 600, while Aptiv remains a component of the S&P 500, underscoring the continued stability of the larger company after the separation.
The spin‑off allows Versigent to focus on its core electrical‑distribution expertise, positioning it to benefit from the growing electric‑vehicle market, while Aptiv can sharpen its focus on software and high‑margin engineered components, potentially driving stronger long‑term growth for both entities.
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