NYSE:APTVAuto Components
Aptiv Spins Off Versigent To Refocus On Higher Margin Growth Platforms
Aptiv (NYSE:APTV) is spinning off its Electrical Distribution Systems business as a new company called Versigent.
The separation completes Aptiv's shift toward a higher margin, growth focused portfolio.
Versigent is launching with a new leadership team, while Aptiv pursues partnerships in robotics and related technologies.
Aptiv, known for its advanced automotive and mobility technologies, is recasting its core business around higher growth and more diversified end markets. By carving out...