Magna to acquire Veoneer for $3.8B

Magna International will acquire Veoneer, a leader in automotive safety technology, for $31.25 per share in cash, totaling $3.8 billion. The deal strengthens Magna's ADAS business.

“Veoneer's complementary technology offerings, customer base, and geographic footprint make it an excellent fit with our ADAS business, and the acquisition strengthens our global engineering and software development talent base.”veoneer.com

• 1 source
• veoneer.comMagna to acquire Veoneer, positioning Magna's ADAS business as a global leader in a fast-growing industry | VeoneerJul 23, 2021

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