Dec 20, 2022ACQUISITIONUnited States Magna to acquire Veoneer Active Safety business for $1.525B
Magna International agreed to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, adding ADAS sensor and systems capabilities.
ProductsADAS sensorsradarcameraADAS ECUdriver monitoring
“This acquisition is consistent with our Go-Forward strategy to accelerate investment in high-growth areas.”globenewswire.com
- 3 sources
- globenewswire.comMagna to Acquire Veoneer Active Safety BusinessMagna International Inc.Dec 20, 2022
- sswpartners.comMagna to Acquire Veoneer’s Active Safety Business - SSW PartnersTim KirchoffDec 20, 2022
- yolegroup.comMagna to acquire Veoneer active safety business for US$1.525 billionGracy AdelineJan 4, 2023
Summarized from public sources; check the original articles before acting on it.
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