AIP Fund VII Acquires Veoneer’s Restraint Control Systems Business

December 6, 2023

American Industrial Partners Capital Fund VII (AIP Fund VII) has acquired Veoneer’s Restraint Control Systems business from SSW Partners LP. The transaction, announced December 6, 2023 and completed March 1, 2024, completes the disposition of Veoneer’s original business lines and provides a standalone platform for long-term growth under AIP ownership.

Targets
Veoneer Restraint Control Systems business
Sellers
SSW Partners LP
Industry
Automotive
Location
Michigan, United States
Transaction Type
Divestiture

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