# Aptiv signs agreement to acquire 85% stake in Intercable Automotive Solutions for €595 million

Aptiv PLC signed a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions for €595 million. The deal was announced on 13 September 2022.

- Type: Acquisition
- Announced: 2022-09-13
- Where: Bruneck, Italy, Italy
- Value: $595.0M (595.0M EUR)
- Status: announced
- Products: high-voltage busbars, solid-state electrical centers, battery cell interconnect systems, high-voltage power distribution solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Aptiv](https://endata.com/companies/5841.md) (acquirer)
- [Intercable Automotive Solutions](https://endata.com/companies/65265.md) (target)
- [Intercable](https://endata.com/companies/65298.md) (partner)

## Sources

- [ir.aptiv.com](https://ir.aptiv.com/news/news-details/2022/Aptiv-Signs-Definitive-Agreement-to-Acquire-Industry-Leading-Provider-of-High-Voltage-Busbars-and-Interconnect-Solutions/default.aspx), 2022-09-13: "Intercable Automotive Solutions is an excellent strategic fit with Aptiv's Signal & Power Solutions segment."
- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/transport-logistics/auto-parts-supplier-aptiv-acquire-85-intercable-unit-ev-tech), 2022-09-13: ""Intercable Automotive Solutions is an excellent strategic fit with Aptiv's Signal & Power Solutions segment," Aptiv chief executive officer Kevin Clark said in a statement."
- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/power/auto-parts-supplier-aptiv-to-acquire-85-per-cent-of-intercable-unit-in-ev-tech-push/94188403), 2022-09-14: "Intercable Automotive Solutions is an excellent strategic fit with Aptiv's Signal & Power Solutions segment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.