# 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.

- Type: Acquisition
- Announced: 2021-07-23
- Where: United States
- Value: $3.80B
- Status: announced
- Products: advanced driver assistance systems, sensor perception software, drive policy software, restraint control systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (acquirer)
- [Veoneer](https://endata.com/companies/40032.md) (target)

## Sources

- [veoneer.com](https://www.veoneer.com/en/press/magna-acquire-veoneer-positioning-magnas-adas-business-global-leader-fast-growing-industry), 2021-07-23: "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."

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