Aptiv Announces Plan to Separate Electrical Distribution Systems Business

Details

This separation is expected to be effected through a tax-free spin-off to Aptiv shareholders, with completion targeted by March 31, 2026. The company also affirmed its full-year 2024 outlook. A press release detailing the separation and financial outlook is furnished as Exhibit 99.1.

Items reported

Exhibits (1)

About Aptiv PLC

Aptiv PLC is a technology and mobility solutions firm that plays a critical role in the automotive industry. The company is focused on developing advanced safety, electrification, and digital connectivity functionalities for vehicles, supporting the transition toward more sustainable and connected transportation systems. Aptiv’s primary offerings include sophisticated software and electrical architecture, essential for enabling autonomous driving technologies and a seamless flow of information within vehicles. With its broad engineering expertise, Aptiv serves a diverse array of automotive manufacturers globally, optimizing vehicle performance and enhancing user experience. Headquartered in Dublin, Ireland, Aptiv PLC is at the forefront of technological advancements in the automotive sector, continuously innovating to meet the increasing demand for electrified and smart vehicle solutions. Its significant market presence underscores a commitment to quality and innovation, driving comprehensive automotive safety and connectivity. By integrating cutting-edge technology with robust engineering, Aptiv contributes to shaping the future of the automotive landscape, emphasizing efficiency, safety, and environmental sustainability.