Veoneer completes sale of Active Safety business to Magna
Veoneer has completed the sale of its Active Safety business to Magna, a transaction first announced on December 20, 2022. This move positions Magna as a leading global supplier for ADAS. Following the sale, Veoneer is now fully focused on safety-critical electronics as the global pure-play market leader in restraint control system electronics.
In April 2022, SSW Partners acquired Veoneer for $4.6 billion, after which Qualcomm (NASDAQ: QCOM) acquired Arriver™ from SSW Partners. Veoneer has now added 'Safety Systems' to its corporate brand, reflecting its new focus. The company is seeking the best long-term solution for Veoneer Safety Systems, which is described as a growing, cash-generative business with a highly skilled workforce.
Veoneer ha completato la vendita della sua divisione Attiva Sicurezza a Magna, una transazione annunciata per la prima volta il 20 dicembre 2022. Questa mossa posiziona Magna come fornitore globale leader per ADAS. Dopo la vendita, Veoneer si concentra ora interamente su elettronica critica per la sicurezza come leader di mercato globale nel sistema di controllo delle cinture di sicurezza.
Nel aprile 2022, SSW Partners ha acquisito Veoneer per 4,6 miliardi di dollari, dopo di che Qualcomm (NASDAQ: QCOM) ha acquisito Arriver™ da SSW Partners. Veoneer ha ora aggiunto 'Sistemi di Sicurezza' al suo marchio aziendale, riflettendo il suo nuovo focus. L'azienda sta cercando la migliore soluzione a lungo termine per i Sistemi di Sicurezza Veoneer, descritti come un business in crescita e generatore di cassa con una forza lavoro altamente qualificata.
Veoneer ha completado la venta de su negocio de Seguridad Activa a Magna, una transacción anunciada por primera vez el 20 de diciembre de 2022. Este movimiento posiciona a Magna como un proveedor global líder para ADAS. Tras la venta, Veoneer ahora se enfoca completamente en electrónica crítica de seguridad como líder del mercado global en electrónica de sistemas de control de retención.
En abril de 2022, SSW Partners adquirió Veoneer por 4.6 mil millones de dólares, tras lo cual Qualcomm (NASDAQ: QCOM) adquirió Arriver™ de SSW Partners. Veoneer ha añadido 'Sistemas de Seguridad' a su marca corporativa, reflejando su nuevo enfoque. La empresa está buscando la mejor solución a largo plazo para los Sistemas de Seguridad Veoneer, descritos como un negocio en crecimiento y generador de efectivo con una mano de obra altamente calificada.
Veoneer는 Active Safety 비즈니스를 Magna에 매각하는 거래를 완료했습니다. 이 거래는 2022년 12월 20일에 처음 발표되었습니다. 이번 조치는 Magna를 ADAS의 글로벌 선도 공급자로 자리매김하게 합니다. 매각 이후 Veoneer는 이제 안전 필수 전자기기에 완전히 집중하며 구속 제어 시스템 전자기기에서 글로벌 순수 플레이 시장 리더로 자리잡습니다.
2022년 4월, SSW Partners가 46억 달러에 Veoneer를 인수한 후, Qualcomm (NASDAQ: QCOM)은 SSW Partners로부터 Arriver™를 인수했습니다. Veoneer는 이제 'Safety Systems'를 기업 브랜드에 추가하여 새로운 초점을 반영하고 있습니다. 회사는 뛰어난 숙련된 노동력을 갖춘 성장 가능성이 높고 현금 창출 비즈니스인 Veoneer Safety Systems에 대한 최상의 장기 솔루션을 모색하고 있습니다.
Veoneer a finalisé la vente de sa division Sécurité Active à Magna, une transaction annoncée pour la première fois le 20 décembre 2022. Ce mouvement positionne Magna comme un fournisseur mondial de premier plan pour les ADAS. Suite à la vente, Veoneer se concentre désormais entièrement sur l'électronique critique de sécurité en tant que leader mondial du marché dans le domaine de l'électronique des systèmes de retenue.
En avril 2022, SSW Partners a acquis Veoneer pour 4,6 milliards de dollars, après quoi Qualcomm (NASDAQ: QCOM) a acquis Arriver™ de SSW Partners. Veoneer a maintenant ajouté 'Systèmes de Sécurité' à sa marque d'entreprise, reflétant son nouveau focus. L'entreprise est à la recherche de la meilleure solution à long terme pour les Systèmes de Sécurité Veoneer, décrits comme une entreprise en croissance, génératrice de liquidités, avec une main-d'œuvre hautement qualifiée.
Veoneer hat den Verkauf seines Aktiven Sicherheitsgeschäfts an Magna abgeschlossen, eine Transaktion, die erstmals am 20. Dezember 2022 angekündigt wurde. Diese Entscheidung positioniert Magna als führenden globalen Anbieter für ADAS. Nach dem Verkauf konzentriert sich Veoneer nun vollständig auf sicherheitskritische Elektronik als globaler Marktführer im Bereich Elektronik für Rückhaltesysteme.
Im April 2022 erwarb SSW Partners Veoneer für 4,6 Milliarden Dollar, nachdem Qualcomm (NASDAQ: QCOM) Arriver™ von SSW Partners übernommen hatte. Veoneer hat jetzt 'Safety Systems' zu seiner Unternehmensmarke hinzugefügt, was den neuen Fokus widerspiegelt. Das Unternehmen sucht nach der besten langfristigen Lösung für Veoneer Safety Systems, das als wachsendes, cash-generatives Geschäft mit hochqualifizierten Arbeitskräften beschrieben wird.
- Completion of Active Safety business sale to Magna, creating a leading global supplier for ADAS
- Veoneer now focused on safety-critical electronics as global pure-play market leader in restraint control system electronics
- Veoneer Safety Systems described as a growing, cash-generative business
- Divestment of Active Safety business may impact overall company revenue and market position
"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 Veoneer in an all-cash transaction representing a total equity value of
Veoneer is now fully focused on safety-critical electronics, as the global pure-play market leader in restraint control system electronics. To mark this shift, Veoneer has added Safety Systems to its corporate brand.
"Veoneer Safety Systems is a growing, cash-generative business with a highly skilled workforce. Our leadership position is the result of decades of delivering best-in-class product quality, customer service, and technical innovation. With the closing of the sale of the Active Safety business, we are now able to focus on finding the best long-term home for Veoneer Safety Systems," Mr. Svanberg continued.
Evercore and Morgan Stanley & Co. LLC acted as financial advisors, Davis Polk & Wardwell LLP and Eversheds Sutherland LLP as legal counsels, and Baker Botts LLP as regulatory counsel to Veoneer and SSW Partners in the sale of Veoneer's Active Safety business.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
thomas.jonsson@veoneer.com, tel +46 (0)8 527 762 27
About Veoneer Safety Systems
With sales of approximately
About SSW Partners
SSW Partners invests in high-quality businesses and collaborates with partners to create enduring value for all stakeholders. We focus on businesses that consistently invest in their products and people, have built their reputations based on the quality of the goods they produce or services they provide, who have demonstrated the capacity for innovation and constant improvement, and who prioritize the interests of all stakeholders, including employees, customers, owners, and the communities in which the businesses operate.
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