Intercable S.r.l. completes the divestment of 85% equity stake of Intercable Automotive Solutions to Aptiv
Intercable S.r.l., a leading technology company in busbar and interconnect systems, announced it has completed the divestment of 85% equity stake of their subsidiary Intercable Automotive Solutions to Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected. 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.
“By leveraging Aptiv’s global reach, Intercable Automotive Solutions will be able to expand its footprint and deliver innovative technologies to more customers worldwide”, said Klaus Mutschlechner, who will continue to lead Intercable Automotive Solutions as managing director.
“Intercable Automotive Solutions further strengthens our capabilities to design and deliver fully optimized high-voltage architecture solutions that reduce vehicle weight, mass and costs. We are excited to welcome them to the Aptiv team”, said Kevin Clark, Aptiv’s chairman and chief executive officer of Aptiv.
Intercable Automotive Solutions will operate as a stand-alone business unit within Aptiv’s Signal & Power Solutions segment and will continue to go to market under its current industry-leading brand.