Magna signs $1.5bn deal with SSW Partners for Veoneer Active Safety
Canadian automotive supplier Magna International will acquire the Veoneer Active Safety business from New York-based investment company SSW Partners in an all-cash transaction valued at $1.525bn. The agreement complements Magna International’s Go-Forward strategy of investing in high-growth areas and strengthens the company’s advanced driver assistance systems (ADAS) portfolio. The transaction is expected to increase Magna […]