Versigent PLC (NYSE: VGNT) commenced trading on the New York Stock Exchange following its separation from Aptiv PLC (NYSE: APTV). The spinoff was completed through a distribution of Versigent shares to Aptiv shareholders at a ratio of one Versigent share for every three Aptiv shares held as of the March 17, 2026 record date.

The company designs and manufactures electrical power distribution systems for automotive and commercial vehicle markets. Versigent operates engineering centers across four continents and manufacturing facilities in more than 25 countries, employing approximately 138,000 people.

For 2025, Versigent reported revenue of $8.8 billion, net income of $528 million, and adjusted EBITDA of $893 million. The company's financial metrics were derived from Aptiv's accounting records on a carve-out basis prior to the separation.

"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," said Joseph Liotine, Chief Executive Officer.

Chief Financial Officer Doug Ostermann stated the company expects revenue growth of more than three percent and plans to expand EBITDA margins by more than 200 basis points over the next three years. Versigent projects achieving $1 billion in free cash flow by 2028.

The transaction was structured as a tax-free spinoff for both Swiss and U.S. federal income tax purposes. Versigent will report first quarter results on May 5, 2026.