Versigent (VGNT) Registration filing summary

Company overview and business model

• Global leader in low and high voltage electrical architectures for automotive and adjacent markets.

• Supplies optimized vehicle architecture solutions to OEMs, supporting electrification, safety, and connectivity trends.

• Operates 59 manufacturing facilities and six technical centers worldwide, with a regional service model.

• Diverse customer base includes nine of the top ten global OEMs and over 50 customers in more than 30 countries.

• Expanding into adjacent markets such as agriculture, construction, grid infrastructure, and robotics.

Financial performance and metrics

• 2025 net sales: $8.8 billion; net income: $528 million (6.0% margin); adjusted operating income: $670 million (7.6% margin).

• 2024 net sales: $8.3 billion; net income: $408 million (4.9% margin); adjusted operating income: $576 million (6.9% margin).

• 2023 net sales: $8.8 billion; net income: $423 million (4.8% margin); adjusted operating income: $672 million (7.6% margin).

• Cash and cash equivalents at spin-off: $400 million; anticipated debt: $2.1 billion (term loan and senior notes).

• Net cash provided by operating activities in 2025: $641 million; capital expenditures: $160 million.

Use of proceeds and capital allocation

• Proceeds from new debt and cash on hand will fund a $1.94 billion dividend to Aptiv at spin-off.

• Capital allocation priorities include organic and inorganic growth, dividends, and potential share repurchases.

• Ongoing focus on cost structure optimization, manufacturing automation, and regional strategies.