# 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.

- Type: Acquisition
- Announced: 2022-12-20
- Where: United States
- Value: $1.52B
- Status: announced
- Products: ADAS sensors, radar, camera, ADAS ECU, driver monitoring
- 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)
- [SSW Partners](https://endata.com/companies/58143.md) (partner)
- [Veoneer Active Safety](https://endata.com/companies/67435.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/12/20/2576848/0/en/magna-to-acquire-veoneer-active-safety-business.html), 2022-12-20: "This acquisition is consistent with our Go-Forward strategy to accelerate investment in high-growth areas."
- [sswpartners.com](https://sswpartners.com/news/magna-to-acquire-veoneers-active-safety-business/), 2022-12-20: "Magna to Acquire Veoneer's Active Safety Business"
- [yolegroup.com](https://www.yolegroup.com/industry-news/magna-to-acquire-veoneer-active-safety-business-for-us1-525-billion/), 2023-01-04: "This acquisition is consistent with our Go-Forward strategy to accelerate investment in high-growth areas, strengthens our ability to deliver systems solutions to meet customer needs, and positions Magna as a full-service ADAS provider."

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