Veoneer has officially completed the sale of its Restraint Control Systems business to American Industrial Partners Capital Fund VII (AIP Fund VII), a significant transaction first publicized on December 6, 2023. This move marks a pivotal shift in Veoneer’s operational focus, emphasizing the company’s strategic reorientation. The acquisition, involving Veoneer, a leader in Automotive 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 […]
