reshoring

“Built a comprehensive product portfolio of optimized hardware and software solutions that capitalize on key secular trends. Expanded into other end markets by leveraging proven automotive portfolio and capabilities, strengthened through strategic acquisitions.”

“While timing has shifted, key growth drivers remain intact. Slower BEV penetration in North America and Europe. Strong BEV and PHEV growth in China.”

“Strong revenue growth of 4-7% per annum. ~200bps of cumulative EBITDA margin expansion. Generating ~$4B of cumulative free cash flow over 2026E-2028E. Mid-teens growth rate in EPS.”

“Aptiv a leader in scaling intelligence at the edge in Auto, evidenced by leading portfolio across Active Safety, User Experience, and Smart Vehicle Compute. Comprehensive software and hardware technology stack poised to enable similar capabilities in Non-Automotive applications.”

“Scaled Core Mobility business as #1 in cable management and #2 player in interconnects, with accelerating traction in other markets. Targeting 4-7% revenue growth and ~24% EBITDA margins through 2028.”

“Spin-off of EDS segment creates two well positioned public companies. New Aptiv: $14-$15B revenue by 2028E with ~21% EBITDA margin. EDS: ~$10B revenue by 2028E with ~12% EBITDA margin.”

If you sell into automotive OEMs, budget cycles are getting longer and more complex as suppliers like Aptiv restructure. But if you build edge AI, robotics, or industrial automation solutions, Aptiv's aggressive pivot into non-auto markets signals real demand from a $12B+ buyer willing to invest organically and via M&A.