QCOM - Mergers and acquisitions

STOCKHOLM and NEW YORK, Dec. 6, 2023 /PRNewswire/ -- 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 International; and Restraint Control Systems, to be acquired by AIP Fund VII. AIP invests in in

STOCKHOLM, June 1, 2023 /PRNewswire/ -- 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 Jacob Svanberg, Chief Executive Officer, Veoneer. In April 2022, SSW Partners acquired Veonee

STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ -- 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 Driver Assistance Systems, ADAS, business will strengthen the combined business and provide customers in mor