Visteon Completes Spin-off from Aptiv, Debuts on NYSE

On April 1, 2026, Versigent completed its spin-off from Aptiv and began trading as an independent company on the New York Stock Exchange under the ticker symbol “VGNT.” On the same day, the company’s management team participated in the NYSE opening bell ceremony. Versigent specializes in the design, manufacturing, and delivery of low- and high-voltage electrical architectures. It operates engineering centers across four continents and has manufacturing facilities in more than 25 countries and regions. Leveraging its global footprint and localized rapid-response capabilities, the company serves end-market customers worldwide. According to disclosed information, Versigent generated approximately $8.8 billion in global revenue in 2025, with net income of about $528 million and adjusted EBITDA of approximately $893 million. The company possesses leading design and engineering capabilities, advanced manufacturing technologies, and an extensive global production network. The spin-off became effective at 12:01 a.m. Eastern Standard Time on April 1, 2026, through a distribution of Versigent common stock to Aptiv shareholders of record as of the close of business on March 17, 2026. The distribution ratio was one share of Versigent common stock for every three shares of Aptiv common stock held, with fractional shares paid in cash. The transaction is structured as a tax-free distribution to Aptiv shareholders for U.S. federal income tax purposes. Joseph Liotine, Chief Executive Officer of Versigent, stated that becoming an independent public company marks a significant milestone in the company’s journey and will enable it to enter a new phase powered by its long-standing technological expertise in advanced power distribution solutions. Chief Financial Officer Doug Ostmann noted that the company currently maintains a strong financial position, with revenue growth exceeding 3% and double-digit EBITDA margins. He added that the company expects to improve its EBITDA margin by over 200 basis points over the next three years and anticipates generating $1 billion in free cash flow by 2028. Capital allocation will prioritize delivering returns to shareholders. Versigent plans to release its first-quarter 2026 financial results and host an earnings conference call on May 5, 2026. Additional details will be available on the company’s investor relations website at http://www.ir.versigent.com/. Prior to the spin-off, Versigent operated as a business segment of Aptiv, and its historical financial data was derived from Aptiv’s accounting records.