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Magna to acquire Veoneer for ADAS capabilities · Endata

◂ Announcements

Jul 30, 2021ACQUISITIONSweden

Magna to acquire Veoneer for ADAS capabilities

Magna International has confirmed its intention to acquire automotive-safety company Veoneer. The definitive merger agreement has been approved by both boards, with Veoneer's board recommending stockholder approval.

Status

Announced

Productsadvanced driver-assistance systems (ADAS)automotive safety systems

CompaniesMagna International acquirer Veoneer target

Sectors#Automotive Components

“The definitive merger agreement will allow Magna to bolster its advanced driver-assistance systems (ADAS) activities, and provide access to new customers and regions, including Asia.”autovista24.autovistagroup.com

1 source
autovista24.autovistagroup.comJD Power Autovista24 - Magna magnifies automotive position with acquisition and joint ventureTom GeggusJul 30, 2021

Summarized from public sources; check the original articles before acting on it.

More from Magna International

Jul 28, 2021PARTNERSHIPIncheon, South Korea, South Korea
Magna and LG form LG Magna e-Powertrain joint venture
LG Magna e-Powertrain Magna International partner autovista24.autovistagroup.com
Jul 28, 2021PARTNERSHIPIncheon, South Korea, South Korea
LG and Magna sign joint venture agreement for e-powertrain
Magna International partner LG Electronics partner magna.com
Jul 23, 2021ACQUISITIONUnited States$3.80B
Magna to acquire Veoneer for $3.8B
Magna International acquirer Veoneer target veoneer.com
Jul 6, 2021NEW FACILITYnear Struga, North Macedonia, North Macedoniaops 2021
Magna to open wing mirror factory in North Macedonia
Magna International autotechinsight.spglobal.com
Jun 22, 2021PARTNERSHIP
Magna and LG to launch EV powertrain joint venture in July 2021
Magna International partner LG Electronics partner autotechinsight.spglobal.com
Jun 21, 2021ACQUISITIONIncheon, South Korea$453.0M
LG Electronics and Magna to establish LG Magna e-Powertrain joint venture
LG Electronics Magna International acquirer just-auto.com thelec.net businesskorea.co.kr

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