[4] In 2019, Veoneer acquired high-performance brakes maker Nissin Kogyo's 49% stake in the Veoneer-Nissin Joint Venture's US operation.

[8] In June 2022, Bloomberg News reported that SSW Partners had started to prepare work on divesting the remainder of Veoneer's businesses.

[9] 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.

This transaction concluded the strategic divestiture of Veoneer's three principal divisions, aiming to find suitable long-term stakeholders for each.

The sale to AIP Fund VII represents the final phase in the restructuring process initiated by Veoneer and SSW Partners LP.