Aptiv Completes the Acquisition of Intercable Automotive Solutions

DUBLIN, Dec. 1, 2022 /PRNewswire/ -- Aptiv PLC (NYSE:APTV), a global technology company focused on making mobility safer, greener and more connected, has completed the acquisition of an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l. As an industry leader in high voltage power distribution and interconnect technology, Intercable Automotive Solutions will enhance Aptiv's position as a global leader in vehicle architecture systems. The transaction is valued at €595 million, subject to customary post-closing adjustments, and is expected to be accretive to earnings per share starting in 2023.