Gasgoo Munich- On April 1, 2026, Versigent officially completed its separation from Aptiv, debuting on the New York Stock Exchange under the ticker symbol "VGNT." The company's leadership team marked the occasion by attending the opening bell ceremony.Image Source: VersigentPositioned as a global supplier of low- and high-voltage electrical architecture, Versigent designs, manufactures, and delivers systems across four continents, with manufacturing footprints spanning more than 25 countries and regions. Under the spin-off terms, Aptiv shareholders of record as of the market close on March 17, 2026, received one share of Versigent common stock for every three shares of Aptiv common stock held; fractional shares were settled in cash. The transaction qualified as a tax-free spin-off under both Swiss and U.S. federal income tax regulations.Joseph Liotine, chief executive officer of Versigent, called the independent listing a significant milestone, adding that the company will continue to grow by leveraging its technological and scale advantages in power distribution solutions. Chief Financial Officer Doug Ostermann noted that the business is built on a clear strategic focus and a solid financial foundation, targeting $1 billion in free cash flow by 2028.Financial data reveals Versigent generated roughly $8.8 billion in global revenue for 2025, with net income of approximately $528 million and adjusted EBITDA of about $893 million. The company currently employs roughly 138,000 people.Versigent plans to release its first-quarter operating results on May 5, 2026, followed by a conference call. Prior to the spin-off, Versigent operated as a business unit within Aptiv; historical financial data cited in this release are presented on a stand-alone basis.
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