Aptiv PLC

What Aptiv does

• Global industrial technology company focused on automated, electrified and digitalized mobility.
• Serves automotive and other industrial markets with hardware, software and services.
• Operates three reportable segments that design, manufacture and integrate advanced mobility technologies and electrical distribution solutions.

Corporate structure and recent transactions

• December 2024 reorganization: Old Aptiv (Irish tax resident) formed a new publicly listed Jersey parent, Aptiv Holdings Limited, tax-resident in Switzerland. Old Aptiv ordinary shares were exchanged 1:1 for New Aptiv shares; Old Aptiv became a subsidiary and the Jersey parent was renamed Aptiv PLC.
• January 2025 announcement: plan to separate the Electrical Distribution Systems business into an independent company, Versigent (NYSE: VGNT), in a tax-free spin-off to shareholders. Completion targeted by April 1, 2026, subject to closing conditions.
• Expected separation-related costs of about $178 million in 2025 (primarily third-party professional fees recorded in SG&A).
• Aptiv plans a standalone management and operating structure for Versigent and intends to enter into a Separation and Distribution Agreement and a Tax Matters Agreement with Versigent.
• Beginning Q1 2026, segment names will be reorganized: Advanced Safety and User Experience renamed Intelligent Systems; Engineered Components Group renamed Engineered Components (no change in composition).

Segments and core offerings

1. Advanced Safety and User Experience (ASUX)

   • Technologies to enhance vehicle safety, security, comfort and convenience.
   • Product lines: Active Safety, User Experience, and Smart Vehicle Compute and Software (zone/control compute platforms and edge-to-cloud DevOps tools).
   • Includes radar, vision and other sensing technologies, in-cabin infotainment and driver-interface solutions, and software platforms for automated/more capable vehicle systems.

2. Engineered Components Group (ECG)

   • Connection systems, high-performance interconnects, and cable management and protection solutions.
   • Focused on optimizing power, signal and data distribution for next-generation applications across multiple end markets.

3. Electrical Distribution Systems (EDS)

   • Low- and high-voltage power, signal and data distribution solutions for integrated vehicle architectures.

• The three segments were realigned in 2025 to reflect the Separation; segment renamings are planned for 2026.

Customers and market position

• Customer base includes the 25 largest automotive OEMs globally.
• Five largest customers accounted for approximately 42% of total net sales in 2025; ten largest customers accounted for approximately 56%.
• In 2025, Aptiv’s products were present in:
  • 18 of the 20 top-selling U.S. vehicle models
  • 17 of the 20 top-selling European models
  • 20 of the 20 top-selling Chinese models
• Geographic revenue mix in 2025:
  • Asia Pacific: 29% of net sales
  • Europe: 32% of net sales
  • About 64% of net revenue came from outside the United States.

Geographic footprint and workforce (as of December 31, 2025)

• Approximately 140,000 employees (about 30,000 salaried and 110,000 hourly).
• Contingent workforce of roughly 51,000.
• Regional employee distribution:
  • ~50% in North America (largest presence in Mexico)
  • ~30% in Europe, Middle East and Africa (largest presence in Morocco and Serbia)
  • ~15% in Asia Pacific (largest presence in China and India)
  • ~5% in South America (largest presence in Brazil)
• Workforce composition: about 50% women overall; about 25% of management roles held by women.
• Operations in 50 countries with major manufacturing and technical centers.

Manufacturing footprint

• 139 major manufacturing sites and 11 major technical centers as of December 31, 2025 (plus additional smaller facilities, joint ventures and investments).
• Site ownership vs. lease: 66 sites primarily owned, 84 primarily leased.
• Regional distribution of major manufacturing sites by segment:
  • ASUX: Europe 2, North America 4, Middle East & Africa 3, Asia Pacific 0 (TOTAL = 9)
  • ECG: Europe 26, North America 22, Middle East & Africa 19, Asia Pacific 2 (TOTAL = 69)
  • EDS: Europe 20, North America 17, Middle East & Africa 21, Asia Pacific 3 (TOTAL = 61)
  • Overall totals: Europe 48, North America 43, Middle East & Africa 43, Asia Pacific 5 (TOTAL = 139)
• 11 major technical centers located across North America, Europe, Middle East & Africa, and Asia Pacific (4 in North America; 2 in Europe, Middle East & Africa; 5 in Asia Pacific).

Financial snapshot highlights

• 64% of net revenue came from outside the U.S. in 2025.
• Asia Pacific contributed 29% of net sales in 2025; Europe contributed 32%.
• Ten largest customers represented about 56% of total net sales in 2025; five largest represented about 42%.
• Wind River goodwill impairment: approximately $648 million recorded in Q3 2025.
• Separation-related costs in 2025: approximately $178 million (SG&A-related).

Summary

• Aptiv is a large, global supplier of advanced mobility technologies, combining software, electronics, sensors, interconnects and power distribution to support automated, electrified and digitally connected vehicles and related industries.
• The company operates through three main segments (ASUX, ECG, EDS) with a large manufacturing footprint, extensive global reach, and a diversified customer base concentrated among top automotive OEMs.
• Aptiv is executing a strategic separation of its Electrical Distribution Systems business into Versigent (VGNT), planned as a tax-free spin-off to be completed by April 1, 2026, with ongoing segment renaming and reporting changes beginning in 2026.