American Industrial Partners Capital Fund VII completes acquisition of Veoneer
SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ -- Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP. The deal was first announced onDecember 6, 2023. Veon...
American Industrial Partners Capital Fund VII to Acquire Veoneer's Restraint Control Systems Business
STOCKHOLM and NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The automotive technology company Veoneer today announced that it has entered into an agreement with an investment fund managed by American Industrial Partners ("AIP"), for the acquisition of Veoneer's Restraint Control Systems business from SS...
Veoneer completes sale of Active Safety business to Magna
STOCKHOLM, June 2, 2023 /PRNewswire/ -- The automotive technology company Veoneer announced the completion of the sale of its Active Safety business to Magna, a mobility technology company and one of the largest suppliers in the auto industry. The transaction was first announced onDecember 20, 20...
Veoneer Awarded Active Safety System by Major Asian OEM
STOCKHOLM, Nov. 15, 2022 /PRNewswire/ -- The automotive technology company Veoneer has signed an agreement with a major Asian OEM to equip an electric vehicle joint-venture inChina with an active safety system comprising of a monovision camera, a package of forward-looking and corner radars, and ...
Veoneer co-developer of PACEpilot Awarded Seating Technology
STOCKHOLM, Sept. 23, 2022 /PRNewswire/ -- The global automotive technology company Veoneer, a leader in active safety and restraint control systems, has together with Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, co-developed the electronics support...
Veoneer and emotion3D recognized for "Most Innovative In-Cabin Perception Application"
STOCKHOLM, Sept. 16, 2022 /PRNewswire/ -- The AutoSens Award celebrates the best and brightest working at the cutting-edge of innovation in ADAS and autonomous vehicle technology. At the event inBrussels earlier this week, Veoneer and emotion3D were honored with the AutoSens Award in the category...
Veoneer Provides Market Update
* Announces Completion of Sale of Arriver * Signs Strategic Collaboration Agreement with Qualcomm Technologies * SSW Partners to Launch Process to Find Long-term Strategic Buyers STOCKHOLM andNEW YORK, April 5, 2022 /PRNewswire/ -- Veoneer, Inc., the automotive technol...
SSW Partners Completes Acquisition of Veoneer
* SSW Partners have acquired all shares in Veoneer for $37.00 per share in cash * Qualcomm expects to close acquisition of Arriver business from SSW Partners onApril 4, 2022 STOCKHOLM, April 1, 2022 /PRNewswire/ -- Veoneer today announced that SSW Partners, aNew York-based investment partners...
Financial Report October - December 2021: Veoneer
STOCKHOLM, Feb. 2, 2022 /PRNewswire/ -- Financial Summary - Q4'21 * Net Sales $449 million, Organic Sales1 decline -1% * Active Safety Net Sales increase 18%, Organic Sales increase 18% * Operating cash flow $8 million, $85 million improvement YoY * Cash balance $424 million * Veoneer ...
Veoneer announces results of Special Meeting of Stockholders
STOCKHOLM, Dec. 17, 2021 /PRNewswire/ -- Today, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), held its virtual Special Meeting of Stockholders to consider two proposals with respect to the previously announced merger agreement, datedOctober 4, 2021, by Veoneer, SSW...
Veoneer sets ambitious climate targets for a sustainable future
STOCKHOLM, Nov. 18, 2021 /PRNewswire/ -- Besides its overall goal to support halving the number of global deaths and injuries from road traffic accidents, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), announces ambitious carbon emission targets for a more sustainab...
Resignation of Mary Louise Cummings from the Board of Directors - Becomes Senior Advisor At NHTSA
STOCKHOLM, Oct. 26, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), today announced thatMary Louise Cummings submitted her resignation from the Veoneer board of directors (the "Board") and from her role as a member of the audit committee of the B...
Qualcomm and SSW Partners Reach Definitive Agreement to Acquire Veoneer
All-cash transaction at $37.00 per share provides superior value to Veoneer shareholders Acquisition agreement structure positions all of Veoneer's businesses for success Augments Qualcomm's ability to create an open and competitive ADAS platform for the global auto industry SSW Partners to ac...
Veoneer provides update regarding discussions with Qualcomm
STOCKHOLM, Sept. 14, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB) today confirmed that it has received an updated non-binding proposal from Qualcomm Incorporated providing for the acquisition of all of the outstanding shares of Veoneer at a p...
Veoneer to Engage in Discussions with Qualcomm
STOCKHOLM, Aug. 9, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that Veoneer's board of directors has determined that Qualcomm's proposal to acquire Veoneer (the "Qualcomm Proposal") would reasonably be expected to result in ...
Veoneer confirms receipt of Qualcomm proposal
STOCKHOLM, Aug. 6, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) today confirmed that it has received a non-binding proposal from Qualcomm Incorporated to acquire all of the outstanding shares of Veoneer at a price of$37.00 per share in cash. ...
Financial Report April - June 2021: Veoneer
STOCKHOLM, July 23, 2021 /PRNewswire/ -- Financial Summary - Q2'21 * Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges * Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% * Active Safety Net Sales i...
Veoneer : Financial Report January - March 2021
Financial Summary - Q1'21 STOCKHOLM, April 28, 2021 /PRNewswire/ -- * Financial results in-line with internal expectations despite supply chain challenges * Net Sales $419 million, Organic Sales1 increase 17% * Active Safety Net Sales increase 27%, Organic Sales incr...
Veoneer radar and stereovision in Mercedes EQS hands-off self-driving tech
STOCKHOLM, April 19, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), is proud supplier of critical building blocks in the Mercedes EQS, the electric sedan equipped to offer hands-off self-driving tech. Mercedes EQS Drive Pilot system is an examp...
Top Euro NCAP results for Polestar 2 with Veoneer technologies
STOCKHOLM, March 15, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc.(NYSE: VNE) (SSE: VNE SDB), is proud supplier of the active safety technology to Polestar 2, outperforming other vehicles in Euro NCAP's safety test. During 2020 and 2021, Euro NCAP has performed safety test...
