Acquisition of Intercable Automotive Solutions broadens Aptiv's portfolio of high-voltage system solutions

Aptiv PLC, a global technology company focused on making mobility safer, greener and more connected, announced today a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for €595 million, subject to customary post-closing adjustments.

Based in Bruneck, Italy with manufacturing facilities in Europe and Asia, Intercable Automotive Solutions is an industry leader and pioneer in high-voltage power distribution and high-precision connection technologies. With over €250 million in 2022 estimated sales, the business designs and manufactures innovative solutions that address the most complex challenges in vehicle electrification. Their product portfolio includes seven generations of high-voltage busbar technology, solid-state electrical centers, battery cell interconnect systems, and other high-voltage power distribution solutions. Leveraging Intercable’s highly automated manufacturing processes, innovative product design, and strategic relationships with key European automotive OEMs, Aptiv will enhance its position as a global leader in vehicle architecture systems.

“Intercable Automotive Solutionsis an excellent strategic fit with Aptiv’s Signal & Power Solutions segment,” said Kevin Clark, Chairman and CEO of Aptiv. “The combination strengthens our position as a full system supplier for electric vehicle manufacturers. In addition, Intercable’s differentiated technology design and manufacturing capabilities enable a more efficient and cost-effective vehicle assembly operation for our customers.”

“We are very excited about the opportunities ahead,” said Intercable’s CEO, Klaus Mutschlechner, who will continue to lead Intercable Automotive Solutions in his current role. “Joining forces with Aptiv will enable us to bring our advanced products and technologies to customers around the world by leveraging their extensive scale and global reach.” The Mutschlechner family, who founded Intercable in 1972, will retain 15% ownership interest in the business.

The transaction is subject to regulatory approval and other customary closing conditions and is expected to close before the end of 2022. Upon completion of the transaction, Intercable Automotive will operate as a stand-alone business unit within Aptiv’s Signal & Power Solutions segment. The transaction is expected to be accretive to EPS in 2023.

SOURCE: Aptiv

Keyword: Aptiv signs definitive agreement to acquire industry-leading provider of high-voltage busbars and interconnect solutions

TECH'S NEWS RELATED

The Driven Podcast: The trucking industry is going electric

Source: Volvo We test drive a heavy duty electric truck, and interview key players in an industry that is going electric faster than most people can imagine. You can find previous episodes of The Driven here, or on your favourite podcast platform. The Driven · The trucking industry is ...

View more: The Driven Podcast: The trucking industry is going electric

EPA could make EVs eligible for Renewable Fuel Standard credit, boosting incentives

Electric Vehicles could be eligible for the Renewable Fuel Standard Credit, which would add yet another incentive to an EV purchase. The EPA is reportedly considering adding EVs to the list of eligible vehicles, and the idea could be confirmed in an upcoming proposal dealing with biofuel blending mandates. ...

View more: EPA could make EVs eligible for Renewable Fuel Standard credit, boosting incentives

The 2022 Kia Telluride Still Has It

Kia’s three-row crossover hasn’t changed a lot, and it’s better for it.

View more: The 2022 Kia Telluride Still Has It

Cinq choses à savoir sur votre (très) prochaine pose de pneus d’hiver

Prenez-le temps… mais dépêchez-vous Vous pouvez devancer les dates réalistes (de toute façon, elles sont encore les mêmes) Non, ils ne vont pas fondre pour si peu, vos pneus Et le prix? Au-delà du flocon… Pensez-y bien, deux minutes: on investit des (dizaines de) milliers de dollars dans l’acquisition ...

View more: Cinq choses à savoir sur votre (très) prochaine pose de pneus d’hiver

BYD to supply 100,000 electric vehicles for Sixt car rental

Image: BYD BYD has partnered with the car rental company Sixt to supply 100,000 “new energy vehicles” (or, NEV as they are known in China) through to 2028. This was first announced on Tuesday by BYD Europe after signing a long-term agreement with Sixt. The initial part of the ...

View more: BYD to supply 100,000 electric vehicles for Sixt car rental

2022 Audi RS4 Avant Competition review

With a focus on the track, the limited edition Audi RS4 Avant Competition is faster and handles better than the normal RS4. But should you snap one up or stick to the standard car?...

View more: 2022 Audi RS4 Avant Competition review

Hennessey boosts 'Braptor' to 500 hp with VelociRaptor 500 Bronco

Texas-based tuner Hennessey has revealed yet another performance 4X4 based on the Ford Bronco. Unlike some of the brand’s previous VelociRaptors (of which there are seven variants) this latest one doesn’t swap engines for V8s, but rather tunes the off-roader’s twin-turbo EcoBoost 3.0L V6 for some extra grunt. jQuery(function(){ if ...

View more: Hennessey boosts 'Braptor' to 500 hp with VelociRaptor 500 Bronco

2023 Audi RS5 Competition Finally Finds Its Voice

Of the many memorable engine notes throughout history, Audi has offered up a couple of great bangers. The whoosh and warble of the turbo inline-five from the groundbreaking Quattro conjures up peak rally greatness and is a brand-defining classic. More recently, the first-generation RS5 thrummed to the palpable beat of ...

View more: 2023 Audi RS5 Competition Finally Finds Its Voice

Audi RS4 Competition 2022 review

500K Speeding Drivers In France Caught By Private Camera Cars In 2021

Hyundai Santa Cruz Gets Off-Road Upgrades To Tackle Rebelle Rally

TeslaCam Catches Truck Driver Shooting At Model S In Road Rage Incident

UK new car sales grow for second consecutive month

Scorpion EV Is The Best of the Electric Cobras… So Far

A Rare Nissan GT-R50 Has Come Up For Sale

2024 Mercedes-AMG C63 S E Performance First Ride Review: The Future Is Now

2023 Audi RS5 Competition First Drive Review: That's More Like It

First Drive: 2023 Audi RS 5 Competition (Coupe and Sportback)

Audi RS4 Avant Competition review: is the RS4 fun to drive again?

New Audi RS 4 Avant Competition 2022 review

OTHER TECH NEWS

;