# Veoneer acquires Nissin Kogyo's interests in US VNBS operations

Veoneer signed a binding agreement to acquire Nissin Kogyo's interests in the US operations of their joint venture Veoneer Nissin Brake Systems (VNBS) for one US dollar. The transaction is expected to close on or around June 28, 2019.

- Type: Acquisition
- Announced: 2019-06-17
- Where: United States, United States
- Status: announced
- Products: brake systems, Advanced Driver Assistance Systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nissin Kogyo](https://endata.com/companies/24939.md) (target)
- [Veoneer](https://endata.com/companies/40032.md) (acquirer)

## Sources

- [veoneer.com](https://www.veoneer.com/en/press/veoneer-acquires-nissin-kogyos-interests-us-vnbs-operations-1701077), 2019-06-17: "Veoneer will acquire Nissin Kogyo's interests in the US operations of VNBS, referred to as VNBA, for one US dollar."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5250286/veoneer-acquires-us-jv-operations-of-jv-with-nissin-kogyo), 2019-06-18: "Latest agreement will have no impact on JV's operations in Japan and China"

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