Schaffhausen, Switzerland and New Delhi, India
- Verizont is set to begin trading today on the New York Stock Exchange (NYSE) as “VGNT.”
- Executive Team to Ring the NYSE Opening Bell on April 1, 2026
Versigent plc (NYSE: VGNT) today announced the separation of Aptiv plc (NYSE: APTV) and its launch as an independent, publicly traded company. Versigent’s shares will begin trading today on the New York Stock Exchange (NYSE) under the ticker symbol “VGNT,” where members of the company’s leadership team are scheduled to ring the opening bell.
Versigent is a global leader in the design, manufacturing and distribution of low- and high-voltage power electrical architectures. With engineering centers on four continents and manufacturing operations in more than 25 countries, Versigent combines global scale with regional responsiveness to serve customers in growing markets.
“Today marks an important milestone as Versigent begins its next chapter as an independent company building on a century of leadership in advanced power distribution solution systems,” said Joseph Liotin, Chief Executive Officer of Versigent. “As the demand for more capacity with less complexity grows, our unmatched combination of engineering expertise, advanced manufacturing excellence and global scale gives us a distinct advantage. Versigent is purpose-built to meet the immediate needs of our customers by delivering smarter, faster and safer features without compromise.”
Versigent launches 2025 with approximately $8.8 billion in revenues, $528 million in net income and $893 million in adjusted EBITDA, supported by industry-leading design and engineering capabilities, advanced manufacturing expertise and an extensive global production footprint.
Versigent enters the public markets with a cash-generative business model and a strong balance sheet that supports disciplined reinvestment and shareholder returns. As an independent company, Versigent will continue to prioritize operational excellence, differentiated innovation and disciplined capital allocation with long-term value creation.
“Versigent is well positioned to unlock greater value as we enter the public markets,” said Doug Osterman, Versigent’s chief financial officer. “We launch with clear priorities and a strong financial profile, including top-line revenue growth of more than three percent and industry-leading double-digit EBITDA margins, which we expect to expand by more than 200 basis points over the next three years. Our business is globally scaled, highly engineered and consistently cash-generative, with a path to $1 billion of free cash flow by 2028. A balanced and disciplined capital “Through the allocation strategy, we are making thoughtful investments in the business while prioritizing attractive returns for shareholders.”
The separation as an independent, publicly traded company was completed on April 1, 2026 at 12:01 a.m., Eastern Standard Time, through the delivery of all issued and outstanding common shares of Versigent to Active shareholders of record by the close of business on March 17, 2026, the record date for delivery. Aptiv shareholders received one ordinary share of Versigent for every three shares of Aptiv common stock. Active shareholders of record will receive cash in exchange for any fractional shares to which they would otherwise be entitled. The transaction was completed as a tax-free spin-off for both Swiss and US federal income tax purposes.
Versigent will announce first quarter business results with a conference call on May 5, 2026 at 4:15 pm ET, which can be viewed by visiting . www.ir.versigent.com.
Versigent operated as part of Aptiv before being spun off on April 1, 2026. The historical financial measures presented in this release were obtained from Aptiv’s accounting records and are presented on a carry-out basis.
forward-looking statements
This press release contains forward-looking statements that reflect Versigent’s current views regarding current events, business plans and financial performance. Such forward-looking statements are subject to a number of risks, uncertainties and factors related to Versigent’s operations and business environment, which may cause Versigent’s actual results to differ materially from any future results expressed or implied by such forward-looking statements. All statements that address Versigent’s future operating, financial or business performance or strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “could,” “will,” “should,” “expects,” “plans,” “intends,” “estimates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Versigent’s information statement included in its registration statement on Form 10 filed with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for Versigent to predict these events or how they may affect Versigent. It should be remembered that the price of ordinary shares and the income derived from them can go down as well as up. Verzigent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as required by law.
Use of non-GAAP financial information
This press release contains information about Versigent’s financial results that have not been presented in accordance with GAAP. Notably, adjusted EBITDA is a non-GAAP financial measure.
Management believes that the non-GAAP financial measures used in this press release are useful to both management and investors in analyzing the Company’s financial condition, results of operations and liquidity. In particular, management believes that Adjusted EBITDA is a useful measure in assessing the Company’s ongoing financial performance which, when matched to a related GAAP measurement, provides better comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Management also uses non-GAAP financial measures for internal planning and forecasting purposes.
The non-GAAP financial measures included in this press release correspond to the most directly comparable GAAP financial measures in the supplemental schedule attached at the end of this press release. Non-GAAP measures should not be considered separately or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable with other similarly titled measures of other companies.
Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company’s financial performance that management believes is useful to investors in assessing the Company’s ongoing financial performance and, when reconciled with a related U.S. GAAP measurement, provides better comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management uses Adjusted EBITDA in its financial decision-making process to evaluate the Company’s performance and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income before depreciation and amortization (including asset impairments), interest expense, income tax (expense) gain, other income (expense), net of equity income (loss), net of taxes, restructuring, other acquisitions and portfolio project costs (which include costs incurred to integrate acquired businesses and plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), and other special items. Not all companies use the same calculation of Adjusted EBITDA, so this presentation may not be comparable to other similarly titled measures from other companies.
About Versigent
Versigent is a global leader in the purposeful design and advanced manufacturing of low and high voltage electrical architectures. Building on a heritage of engineering excellence and trusted partnerships, Versigent delivers versatile, intelligent solutions engineered to unlock greater capabilities for our customers. Powering one in six passenger vehicles in production today, Versigent’s high performance signal, power and data distribution systems are trusted by leaders in the automotive, commercial vehicle, agricultural and energy storage industries. With engineering and manufacturing centers on four continents and operations in more than 25 countries, Versigent’s 138,000 employees match global scale with regional accountability to deliver consistent quality and reliable performance and connect the world with faster, smarter and safer experiences. visit www.versigent.com.
media contact details
Annalisa Esposito Bluhm, (Vice President Corporate Communications and Marketing), Versigent, mediarelations@versigent.com, +1.248.817.7990
Investor Relations, ir@versigent.com
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