Company type | Private |
---|---|
Industry | Automotive |
Founded | 2018 |
Headquarters | Stockholm, Sweden |
Key people | Nik Endrud, CEO |
Products | Restraint Control Systems |
Revenue | US$2.3 billion |
Owner | American Industrial Partners |
Number of employees | 2,200 |
Website | www |
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]
Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
Autoliv, Inc. is an American, Swedish-headquartered automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 68,000 employees in 27 countries, of whom 5700 are involved in research, development and engineering. In addition, the company has 14 technical centers around the world, including 20 test tracks, more than any other automotive safety supplier.
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.
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