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