| Veoneer | |
| Type: | Private |
| Location: | Stockholm, Sweden |
| Key People: | Nik Endrud, CEO |
| Industry: | Automotive |
| Products: | Restraint Control Systems |
| Revenue: | US$2.3 billion |
| Num Employees: | 2,200 |
| Owner: | American Industrial Partners |
Veoneer is an American Swedish provider of automotive technology based in Stockholm, Sweden. It is incorporated in Delaware.[1] [2] The company is the result of a spin-off in 2018 of Autoliv's electronics and automated driving divisions.[3] In 2019, Veoneer acquired high-performance brakes maker Nissin Kogyo's 49% stake in the Veoneer-Nissin Joint Venture's US operation.[4] Veoneer's products include radars, lidars, thermal night vision cameras, vision systems and advanced driver assistance and autonomous driving software.[2] Veoneer counts all major global automakers as its customers.
The company also provides night driving assist systems, active safety sensors, mono-and stereo-vision cameras, airbag control units and crash sensors.[5]
In October 2021, Qualcomm and SSW Partners reached an agreement to buy Veoneer for $4.5 billion.[6] As part of the deal, SSW Partners would sell Veoneer's Arriver business to Qualcomm. The acquisition closed in April 2022.[7] In June 2022, Bloomberg News reported that SSW Partners had started to prepare work on divesting the remainder of Veoneer's businesses.[8] In December 2022, it was announced SSW Partners had sold Veoneer's active safety portion to the Aurora-headquartered automotive parts manufacturer, Magna International for $1.52 billion USD.[9]