Magna to acquire Veoneer Active Safety Business for US$1.525B; positions Magna as a leading ADAS supplier

Green Car Congress
By mmillikinDec 21, 2022, 8:01 am221 pts
Magna International will acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. The combined business is projected to generate approximately $3 billion in sales in 2024, positioning Magna’s ADAS…

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