Magna International Acquires Veoneer's Active Safety Business

June 1, 2023

Magna International agreed to acquire Veoneer's Active Safety business from SSW Partners (Veoneer) for $1.525 billion in cash; the transaction was announced December 20, 2022 and completed June 1, 2023. The acquisition combines Veoneer's Active Safety product portfolio and engineering capability with Magna's ADAS business to create a strengthened global supplier of advanced driver assistance systems and accelerate product and geographic reach.

Buyers
Magna International Inc.
Targets
Veoneer Active Safety business
Sellers
SSW Partners, Veoneer
Industry
Automotive
Location
Stockholm, Sweden
Transaction Type
Divestiture

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