Veoneer

Veoneer
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With sales of approximately $916 million for the full year 2023, Veoneer is a world leader in Automotive Electronic Safety Systems. Veoneer’s scalable, best-in-class restraint control systems are saving lives by mitigating the effects of car crashes. 2023 was a record launch year and in 2024 the company’s products are part of 40 scheduled vehicle launches. To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. The company is building on a heritage of 70 years of automotive safety development. Veoneer has approximately 2,700 employees in 11 countries.

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Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

Fri, Jul 23, 2021 02:10 CET

·Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position ·Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software ·Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario, Canada July 22, 2021 and STOCKHOLM, Sweden July 23, 2021 – Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) today announced that they have entered into a definitive merger agreement under which Magna will

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Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

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