Versigent PLC has begun trading on the New York Stock Exchange under the ticker symbol “VGNT” following its separation from Aptiv PLC. The listing became effective on April 1, 2026. Members of the company’s leadership team marked the occasion by ringing the opening bell at the exchange.
Separation from Aptiv
The separation was completed through a spin-off, where existing Aptiv shareholders received one share of Versigent for every three shares of Aptiv held as of March 17, 2026. Fractional entitlements were settled in cash. The transaction was structured as tax-free for both Swiss and U.S. federal income tax purposes. Versigent previously operated as a business unit within Aptiv, and its historical financial data has been presented on a carve-out basis.
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Business Overview
Versigent focuses on the design and manufacturing of low- and high-voltage electrical systems used in signal, data, and power distribution. The company has engineering operations across four continents and manufacturing facilities in more than 25 countries.
Financial Snapshot
For 2025, Versigent reported:
- Revenue: $8.8 billion
- Net income: $528 million
- Adjusted EBITDA: $893 million
The company stated it will release its first quarterly results as an independent entity on May 5, 2026, followed by a conference call for investors.
Joseph Liotine, Chief Executive Officer of Versigent, said, “Today marks an important milestone as Versigent begins its next chapter as an independent company built on a century of leadership in advanced power distribution solution systems. As demand grows for greater capability with less complexity, our unmatched combination of engineering expertise, advanced manufacturing excellence, and global scale gives us a distinct advantage. Versigent is purpose-built to amplify our customers’ urgent needs to power smarter, faster, and safer features without compromise.”
Doug Ostermann, Chief Financial Officer of Versigent, said, “Versigent is well positioned to unlock greater value as we enter the public markets. 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 that 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 in free cash flow by 2028. Through a balanced and disciplined capital allocation strategy, we are investing thoughtfully in the business while prioritizing attractive returns for shareholders.”
Elctrik Speaks
The listing of Versigent adds another independent player in the global electrical architecture and vehicle systems supply chain. As automakers and mobility companies continue to invest in electrification and advanced electronics, suppliers focused on power and data distribution are expected to remain relevant in the evolving ecosystem.
