Veoneer, Inc. engages in the design, development, manufacture, and sale of automotive safety electronics primarily in North America, Europe, and Asia. It offers automotive radars, mono-and stereo-vision cameras, night driving assist systems, advanced driver assist systems (ADAS), electronic control units, airbag control units, crash sensors, seat belt pre-tensioner electronic controllers, and ADAS software for highly automated driving (HAD) and autonomous driving (AD). The company also provides driver monitoring systems, LiDAR sensors, RoadScape positioning, and other technologies critical for ADAS, HAD, and AD solutions. Veoneer, Inc. was incorporated in 2017 and is headquartered in Stockholm, Sweden.
IPO Year: 2018
Exchange: NYSE
Website: veoneer.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2021 | $31.00 → $37.00 | Equal-Weight | Barclays |
| 9/3/2021 | $37.00 | Buy → Hold | Danske Bank |
| 8/18/2021 | $17.00 → $37.00 | Underperform → Neutral | Credit Suisse |
| 8/2/2021 | $15.00 → $31.25 | Underperform → In-Line | Evercore ISI Group |
| 7/26/2021 | $24.00 → $31.00 | Equal-Weight | Barclays |
| 7/26/2021 | $32.00 → $31.25 | Buy → Neutral | Mizuho |
| 7/23/2021 | $19.00 → $31.25 | Underperform → Sector Perform | RBC Capital |
- 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 and STOCKHOLM, July 23, 2021 /PRNewswire/ -- Magna International Inc. (TSX:MG, NYSE:MGA) and Veoneer, Inc. (NYSE:VNE) today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Ve
Veoneer's complementary products and capabilities strengthen and broaden Magna's ADAS portfolio and industry positionTransaction adds significant engineering and software expertise, including in sensor perception and drive policy softwareEnhances Magna's ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) and Veoneer (NYSE:VNE, SSE: VNE SDB))) today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outs
Barclays reiterated coverage of Veoneer with a rating of Equal-Weight and set a new price target of $37.00 from $31.00 previously
Danske Bank downgraded Veoneer from Buy to Hold and set a new price target of $37.00
Credit Suisse upgraded Veoneer from Underperform to Neutral and set a new price target of $37.00 from $17.00 previously
Evercore ISI Group upgraded Veoneer from Underperform to In-Line and set a new price target of $31.25 from $15.00 previously
Barclays reiterated coverage of Veoneer with a rating of Equal-Weight and set a new price target of $31.00 from $24.00 previously
Mizuho downgraded Veoneer from Buy to Neutral and set a new price target of $31.25 from $32.00 previously
RBC Capital upgraded Veoneer from Underperform to Sector Perform and set a new price target of $31.25 from $19.00 previously
BofA Securities initiated coverage of Veoneer with a rating of Underperform and set a new price target of $18.00
JP Morgan initiated coverage of Veoneer with a rating of Neutral and set a new price target of $24.00
Credit Suisse Group reiterated coverage of Veoneer with a rating of Underperform and set a new price target of $18.00 from $12.00 previously
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SSW Partners have acquired all shares in Veoneer for $37.00 per share in cashQualcomm expects to close acquisition of Arriver business from SSW Partners on April 4, 2022STOCKHOLM, April 1, 2022 /PRNewswire/ -- Veoneer today announced that SSW Partners, a New York-based investment partnership, has completed the previously announced acquisition of Veoneer, Inc. for $37.00 per share in an all-cash transaction, representing a total equity value of ~$4.6 billion. SSW Partners expects to sell Veoneer's Arriver business to Qualcomm Incorporated (NASDAQ:QCOM) and retain Veoneer's Tier-1 supplier and integrator businesses. Qualcomm and SSW Partners expect to complete the sale of the Arriver business
STOCKHOLM, March 25, 2022 /PRNewswire/ -- General Motors recognized Veoneer as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, last week. GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry. This year, GM recognized 134 suppliers from 16 countries with the Supplier of the Year distinction. This is the 4th time Veoneer is recipient of this award, receiving it every year since being founded in 2018. "We are proud to be recognized b
STOCKHOLM, March 24, 2022 /PRNewswire/ -- Today, the automotive technology company Veoneer, Inc. (NYSE:VNE), announced that, in connection with the previously announced merger agreement among Veoneer, SSW Holdco LP, SSW Merger Sub Corp, and QUALCOMM Incorporated (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022, subject to the continued condition that no governmental law or order has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting the consummation of the merger on such date. Upon the closing of the merger, VeoSneer's new owners, SSW, plan to appoint Jacob Svanberg, currently Senior Vice President Lidar Prod
STOCKHOLM, Feb. 18, 2022 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE:VNE), has filed its 2021 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2021 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer's web site veoneer.com. Veoneer has also published its 2021 Sustainability Report and it is available on Veoneer's web site veoneer.com. Annual Meeting of Shareholders The Board of Directors has set June 2, 2022 as the date for Veoneer's 2022 Annual Meeting of Shareholders to be held virtually via webcast. Only shareholders of record at the close of business on April 4, 2022, will be entitled to b
STOCKHOLM, Jan. 13, 2022 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE:VNE) (SSE: VNE SDB), has published its 2022 Research Tech Talk, "Trust in Collaborative - and Self-Driving - What's Next?", where thought leaders discuss the power and potential of the expanding world of Augmented Driving and what it will take to continue evolving safe and convenient mobility. Veoneer Senior Advisor, Ola Boström, moderates a panel of industry thought leaders including: Chris Mullen, Senior Director of Organizational Safety, Aurora Jordan Sun, Chief Innovation Officer, Mayor's Office, City of San Jose Anshuman Saxena, Senior Director, Product Management Qualcomm Technologies, Inc. T
STOCKHOLM, Dec. 30, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE:VNE) will showcase cutting-edge innovations and outline its vision for boosting road safety at CES® 2022 on January 5-8, virtually. As health and safety is Veoneer's first priority, the current uncertainty regarding the development of the COVID-19 situation made Veoneer and Arriver opt for a virtual only participation. Veoneer's theme for CES 2022 is "Fit-to-Drive," an approach to automotive safety technology system design and connectivity that delivers the best real-time solutions to the imperfect road situations that will present themselves for the foreseeable future. Ensuring that every vehicle
STOCKHOLM, Dec. 16, 2021 /PRNewswire/ -- Today, the automotive technology company Veoneer, Inc. (NYSE:VNE), held its virtual Special Meeting of Stockholders to consider two proposals with respect to the previously announced merger agreement, dated October 4, 2021, by Veoneer, SSW Holdco LP ("SSW"), SSW Merger Sub Corp, a direct, wholly owned subsidiary of SSW ("Merger Sub") and QUALCOMM Incorporated (NASDAQ:QCOM). The first proposal, to approve and adopt the merger agreement, was approved by affirmative vote of a majority of the outstanding shares of Veoneer common stock entitled to vote thereon. The second proposal, which was a non-binding, advisory proposal to approve compensation to Veone
STOCKHOLM, Nov. 22, 2021 /PRNewswire/ -- Arriver, the ADAS and AD software unit of Veoneer, announces today that, via its existing Master Collaboration Agreement with Qualcomm Technologies, Inc., will provide Vision Perception software as part of Qualcomm Technologies' announcement with BMW to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride™ Platform to BMW. Arriver's vision perception software will be running on the Snapdragon Ride™ Platform, a product of Qualcomm Technologies. The start of production is slated for 2025. The collaboration contemplates, but is not limited to, the deployment of deep learning algorithms for vision perception
STOCKHOLM, Nov. 18, 2021 /PRNewswire/ -- Besides its overall goal to support halving the number of global deaths and injuries from road traffic accidents, the automotive technology company Veoneer, Inc. (NYSE:VNE), announces ambitious carbon emission targets for a more sustainable future. Veoneer's portfolio of technologies supports the Sustainable Development Goal #3 — halving the number of global deaths and injuries from road traffic accidents. Traffic safety is, together with the climate challenge, two of the global challenges where the automotive industry has a responsibility to act for a sustainable future. Veoneer's Board of Directors has set ambitious targets related to the climate.
STOCKHOLM, Oct. 26, 2021 /PRNewswire/ -- Veoneer, Inc. (NYSE:VNE) Financial Summary - Q3'21 Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP) Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoY Active Safety Net Sales increase 27%, Organic Sales increase 24% YoY Operating cash flow $(120) million Cash balance $420 million Veoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call. Business Highlights Entered into a definitive merger agreement under which SSW and Qualcomm will a
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Qualcomm Inc (NASDAQ:QCOM) completed the acquisition of Arriver from SSW Partners. The financial terms of the transaction remain undisclosed. The acquisition would enhance Qualcomm's ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale. Arriver's Driver Assistance assets will accelerate Qualcomm's efforts to deliver a leading ADAS solution as part of its Snapdragon Digital Chassis platform, better positioning it for autonomous driving, Qualcomm SVP Nakul Duggal said. Qualcomm would incorporate Arriver's Computer Vision, Drive Policy, and Driver Assistance assets into its leading Snapdr
Veoneer Inc (NYSE:VNE) announced that, in connection with the previously announced merger agreement with SSW and Qualcomm Inc (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022. The new owners plan to appoint Jacob Svanberg as the company's new CEO. Related: Qualcomm Beat Magna International To Scoop Veoneer For $4.5B Svanberg will succeed Jan Carlson, who has been Veoneer's Chairman, President & CEO since its inception in 2018. Carlson will leave his operational and Board roles and be appointed as Advisor. Svanberg is currently serving as the SVP Lidar Product Area and Corporate Development. Price Action: VNE shares are trading high
Veoneer, Inc. (NYSE:VNE), announced that, in connection with the previously announced merger agreement among Veoneer, SSW Holdco LP, SSW Merger Sub Corp, and QUALCOMM Incorporated (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022, subject to the continued condition that no governmental law or order has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting the consummation of the merger on such date. Upon the closing of the merger, VeoSneer's new owners, SSW, plan to appoint Jacob Svanberg, currently Senior Vice President Lidar Product Area and Corporate Development, as Veoneer's new CEO. Jan Carlson, who has bee
Veoneer (NYSE:VNE) reported its Q4 earnings results on Wednesday, February 2, 2022 at 06:25 AM. Here's what investors need to know about the announcement. Earnings Veoneer missed estimated earnings by 5.48%, reporting an EPS of $-0.77 versus an estimate of $-0.73, which did not surprise analysts. Revenue was up $6.00 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01, which was followed by a 0.26% drop in the share price the next day. Here's a look at Veoneer's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate -0.83 -0.91 -0.81 -0.86 EPS Act
Veoneer (NYSE:VNE) reported quarterly sales of $449.00 million which beat the analyst consensus estimate of $446.62 million by 0.53 percent. This is a 1.32 percent decrease over sales of $455.00 million the same period last year.
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