Aptiv Plans Tax-Free Spin-Off Of Its Electrical Distribution Systems Unit

1. Aptiv plans to spin off its Electrical Distribution Systems business by March 2026. 2. The separation aims to enhance focus on advanced software and hardware technologies. 3. Overall revenue declined 2% YoY in 9MFY24, with EDS segment down 3.3%. 4. The spin-off could unlock shareholder value and improve market valuations. 5. Aptiv targets mid-to-high single-digit revenue growth post-separation.