Magna to Buy Veoneer’s Active-Safety Biz

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…
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