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Veoneer Appoints Nik Endrud as Chief Executive Officer

Southfield, MI, USA, April 22, 2024: Veoneer, a market leader in Automotive Safety Systems, today announces the appointment of Nik Endrud as Veoneer’s new Chief Executive Officer, effective immediately.Nik Endrud is a results-driven business leader with an excellent track record and more than 20 years of experience from leadership positions at global automotive suppliers. Most recently, Nik served as Executive Vice President Americas at Forvia, a leading automotive technology supplier combining the assets of Faurecia and Hella with global sales of €27 billion. Nik was responsible for Forvia’

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

Southfield MI, USA, March 1, 2024: Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023.Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly 1 in every 4 cars that left the production lines globally was equipped with Veoneer’s Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident. Veoneer’s leadership position is

American Industrial Partners Capital Fund VII to Acquire Veoneer’s Restraint Control Systems Business

Stockholm and New York, December 6, 2023: The automotive technology company Veoneer today announced that it has entered into an agreement with an investment fund managed by American Industrial Partners (“AIP”), for the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP (“SSW”).The transaction with American Industrial Partners Capital Fund VII (“AIP Fund VII”) completes Veoneer’s and SSW’s strategy of finding the right long-term homes for Veoneer’s three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna

Veoneer completes sale of Active Safety business to Magna

Stockholm, Sweden, June 1, 2023: The automotive technology company Veoneer announced the completion of the sale of its Active Safety business to Magna, a mobility technology company and one of the largest suppliers in the auto industry. The transaction was first announced on December 20, 2022.“Today is a great day for all stakeholders of Veoneer’s Active Safety business. The combination with Magna will create a leading global supplier for ADAS and secure a compelling long-term home for the Active Safety business’s loyal customers, dedicated employees, and innovative product portfolio,” said

General Motors Names Veoneer a 2022 Supplier of the Year

Stockholm, Sweden, March 30, 2023: General Motors recognized Veoneer as a 2022 Supplier of the Year. GM celebrated honorees at its 31st annual Supplier of the Year event in San Antonio, Texas, earlier this week.GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing customers with innovative technologies and among the highest quality in the automotive industry. This is the 5[th] time Veoneer has received the award. “We are honored to receive the 2022 General Motors Supplier of the Year Award,” said Jacob

Veoneer Hosts Expert Panel at CES 2023 Research Summit

Southfield, MI – January 3, 2023 – The automotive technology company Veoneer is hosting an expert panel at the CES 2023 Research Summit on Thursday, January 5, 2023 from 9:00am – 9:40am PST.The panel, titled “The Spinning Wheel of Technology – On the Road to Trusted Mobility”, will address the trends, research, and innovation in the new automotive safety era where active safety technology is advancing. The safety paradigm has changed – in the past, passengers were considered safe when inside of a safe vehicle. Now, whether someone is inside or outside of a vehicle, they are considered safe

Magna to acquire Veoneer’s Active Safety Business

Stockholm, Sweden, and New York, USA, December 20, 2022: The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New York based investment partnership (“SSW”) for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments.Combining Veoneer’s Active Safety competence and product portfolio with Magna's Advanced

Veoneer Awarded Major Restraint Control System Business by North American OEM

Stockholm, Sweden, December 16, 2022: The automotive technology company Veoneer has been awarded its largest Restraint Control System contract ever.Veoneer’s Restraint Control Systems (RCS) business has been awarded a significant, long-term contract to deliver its market-leading next-generation product to one of North America’s largest OEMs.  In 2026, Veoneer will begin delivering the restraint control system to four of the North American OEM’s vehicle platforms, including its electric vehicles. Veoneer’s Restraint Control Systems (RCS) trigger the vehicle’s passive safety systems, such

Veoneer Awarded Active Safety System by Major Asian OEM

Stockholm, Sweden, November 15, 2022: The automotive technology company Veoneer has signed an agreement with a major Asian OEM to equip an electric vehicle joint-venture in China with an active safety system comprising of a monovision camera, a package of forward-looking and corner radars, and an ADAS ECU.In 2024, Veoneer will begin delivering and integrating the Active Safety system, designed for collaborative driving on level 2+. The system’s high level of safety functionality is maintained in bad weather and darkness, and it includes features that can trigger alarms, take control of the

Veoneer partners with Arbe to Expand the Boundaries of High-Performance Perception-Level Automotive Radars

Stockholm, Sweden, October 7, 2022: The automotive technology company Veoneer and the 4D imaging radar solutions company Arbe Robotics Ltd (Nasdaq: ARBE) have announced plans to co-develop radars for automotive-grade safety and rolling out autonomous functionality.After 5 years extensive research among technology start-ups, Veoneer has chosen to partner with Arbe for their 2K high resolution industry-leading surround radar, able to enhance the perception system and sensor fusion.  Veoneer will develop, market, and integrate two surround 4D imaging radars extending on Arbe’s reference

Veoneer co-developer of PACEpilot Awarded Seating Technology

Stockholm, Sweden, September 23, 2022: The global automotive technology company Veoneer, a leader in active safety and restraint control systems, has together with Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, co-developed the electronics supporting Lear’s ConfigurE+ removable seat with zonal safety technology, which was honored as an Automotive News PACEpilot Innovation to Watch.The safety solution is the first wireless and electronics-based system that identifies seat location and seat status – key to the adoption of reconfigurable seating

Veoneer and emotion3D recognized for “Most Innovative In-Cabin Perception Application”

Stockholm, Sweden, September 16, 2022: The AutoSens Award celebrates the best and brightest working at the cutting-edge of innovation in ADAS and autonomous vehicle technology. At the event in Brussels earlier this week, Veoneer and emotion3D were honored with the AutoSens Award in the category Most Innovative In-Cabin Perception Application.It is a fact that a car crash impacts people in different ways as body factors play a role in accident injury severity. In fact, a female occupant is 73% more likely to suffer from serious injuries than seatbelt-wearing male occupants, according to the

Veoneer Hosts Executive Briefing Panel at Detroit AutoShow’s AutoMobili-D

Southfield, MI – September 14, 2022 – The automotive technology company Veoneer is hosting an Executive Briefing panel at the Detroit Auto Show’s AutoMobili-D on Thursday, September 15 from 12:20 – 12:50pm EST.   The panel, titled “ADAS for Everyone – The Industry Responsibility to Make it Happen”, will address how working towards a common goal requires the use of collective knowledge across the industry in order to rapidly improve technology and advance mobility. As vehicles and supporting infrastructure advance at lightning speed, a great deal of pressure is placed on all

Veoneer Demonstrates Latest Technologies and Scalable System Architecture at North American Ride & Drive

Southfield, MI – June 13, 2022 – The automotive technology company Veoneer is hosting a ride and drive event taking place June 13 – 17 that highlights the company’s newest technology advancements that support the future of automated driving and automotive safety.Demonstrations will take place primarily on the roads of Michigan and will focus on the importance of collaborative driving and the interaction between the driver and safety technologies available in the vehicle. Guests will experience a full scalable architecture with multiple systems running in one vehicle, ranging from a one

Veoneer to supply Cameras to BMW Group’s Next Generation Vision System for Automated Driving

Stockholm, Sweden, May 18, 2022: The automotive technology company Veoneer has signed an agreement to equip BMW Group vehicles with camera heads for their next generation vision system for Automated Driving. The camera heads support the cooperation between BMW Group, Qualcomm Technologies, and Arriver™ which was announced in March this year.The high definition 8 MP camera, mounted behind the rear-view mirror, monitors the forward path of the vehicle to provide reliable and accurate information to the vehicle control system.   In BMW’s next generation of Automated Driving Systems, BMW

Veoneer Provides Market Update

· Announces Completion of Sale of Arriver · Signs Strategic Collaboration Agreement with Qualcomm Technologies · SSW Partners to Launch Process to Find Long-term Strategic Buyers  STOCKHOLM and NEW YORK - April 4, 2022 – Veoneer, Inc., the automotive technology company, today issued the following statement after the closing of SSW Partners acquisition of Veoneer on April 1, 2022, and the subsequent sale of Veoneer’s software unit Arriver to Qualcomm Technologies on April 4, 2022: Following the sale of Arriver to Qualcomm Technologies, Inc., Veoneer remains sharply focused

SSW Partners Completes Acquisition of Veoneer

· SSW Partners have acquired all shares in Veoneer for $37.00 per share in cash · Qualcomm expects to close acquisition of Arriver business from SSW Partners on April 4, 2022 Stockholm – April 1, 2022 – Veoneer today announced that SSW Partners, a New York-based investment partnership, has completed the previously announced acquisition of Veoneer, Inc. for $37.00 per share in an all-cash transaction, representing a total equity value of ~$4.6 billion. SSW Partners expects to sell Veoneer’s Arriver business to Qualcomm Incorporated (NASDAQ: QCOM) and retain Veoneer’s Tier-1 supplier

General Motors Names Veoneer a 2021 Supplier of the Year

Stockholm, Sweden, March 25, 2022 – General Motors recognized Veoneer as a 2021 Supplier of the Year. GM celebrated honorees at its 30[th] annual Supplier of the Year awards ceremony in Phoenix, Arizona, last week.GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry. This year, GM recognized 134 suppliers from 16 countries with the Supplier of the Year distinction. This is the 4th time Veoneer is recipient

Veoneer announces planned date for closing of merger and future CEO

Stockholm, Sweden, March 24, 2022: Today, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), announced that, in connection with the previously announced merger agreement among Veoneer, SSW Holdco LP, SSW Merger Sub Corp, and QUALCOMM Incorporated (NASDAQ: QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022, subject to the continued condition that no governmental law or order has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting the consummation of the merger on such date.Upon the closing of

Veoneer publishes 2021 Annual and Sustainability Reports

Stockholm, Sweden, February 18, 2022: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has filed its 2021 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC).The 2021 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer’s web site veoneer.com. Veoneer has also published its 2021 Sustainability Report and it is available on Veoneer’s web site veoneer.com. Annual Meeting of ShareholdersThe Board of Directors has set June 2, 2022 as the date for Veoneer's 2022 Annual Meeting of Shareholders to be

Financial Report October - December 2021

Financial Summary - Q4'21 • Net Sales $449 million, Organic Sales1  decline -1% • Active Safety Net Sales increase 18%, Organic Sales increase 18% • Operating cash flow $8 million, $85  million improvement YoY • Cash balance $424 million • Veoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call. Business Highlights • Organic Sales out-performed the global LVP by ~12pp for Q4 ´21 and ~16pp for the full year 2021 (IHS Markit, Jan 2022)

Veoneer’s Research Tech Talk “Trust in Collaborative – and Self-Driving – What’s Next?” Published Virtually

Stockholm, Sweden, January 13, 2022: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has published its 2022 Research Tech Talk, “Trust in Collaborative – and Self-Driving – What’s Next?”, where thought leaders discuss the power and potential of the expanding world of Augmented Driving and what it will take to continue evolving safe and convenient mobility.Veoneer Senior Advisor, Ola Boström, moderates a panel of industry thought leaders including: · Chris Mullen, Senior Director of Organizational Safety, Aurora · Jordan Sun, Chief Innovation Officer,

Veoneer joins CES® 2022 Virtually – Will Showcase Its Vision For The Next Decade of Automotive Safety Technology

Stockholm, Sweden, December 30, 2021: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) will showcase cutting-edge innovations and outline its vision for boosting road safety at CES® 2022 on January 5-8, virtually. As health and safety is Veoneer’s first priority, the current uncertainty regarding the development of the COVID-19 situation made Veoneer and Arriver opt for a virtual only participation.Veoneer’s theme for CES 2022 is “Fit-to-Drive,” an approach to automotive safety technology system design and connectivity that delivers the best real-time solutions

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