# 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.

- Type: Acquisition
- Announced: 2021-07-30
- Where: Sweden
- Status: announced
- Products: advanced driver-assistance systems (ADAS), automotive safety systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [autovista24.autovistagroup.com](https://autovista24.autovistagroup.com/news/magana-magnifies-automotive-position-with-acquisition-and-joint-venture/), 2021-07-30: "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."

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