Veoneer

[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.

Veoneer in Canada
Veoneer's headquarters at Klarabergsviadukten 70, Stockholm