Magna will buy Veoneer’s active-safety business from the current owners, New York-based investment group SSW Partners, for USD $1.525bn in cash. Combining Veoneer’s active safety competence and product portfolio with Magna’s ADAS business is expected to strengthen the combined business and provide customers in more geographical locations with a full suite of ADAS solutions.Magna CEO…
To access this post, you must register DVN Lighting Gold Membership.