M&A Deal Summary

American Industrial Partners Acquires Veoneer - Restraint Control Systems Business

On December 6, 2023, private equity firm American Industrial Partners acquired automotive company Veoneer - Restraint Control Systems Business from Veoneer

Acquisition Highlights
  • This is American Industrial Partners’ 7th transaction in the Automotive sector.
  • This is American Industrial Partners’ 1st transaction in Sweden.

M&A Deal Summary

Date 2023-12-06
Target Veoneer - Restraint Control Systems Business
Sector Automotive
Buyer(s) American Industrial Partners
Sellers(s) Veoneer
Deal Type Divestiture

Target

Veoneer - Restraint Control Systems Business

Stockholm, Sweden
Veoneer's Restraint Control Systems (RCS) business focuses on developing and manufacturing automotive safety technology that triggers passive safety features like airbags and seatbelt tensioners in a crash, essentially aiming to mitigate the impact of collisions and protect vehicle occupants by automatically activating these systems when a crash is imminent. Veoneer's Restraint Control Systems Business is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 48 of 54
Sector (Automotive) 7 of 7
Type (Divestiture) 16 of 20
Country (Sweden) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 CR

Murarrie, Australia

CR is a global provider of innovative productivity technology solutions to the world’s leading mining operations, including productivity-enhancing digital technology, surface mining technology, and wear protection and processing. CR was founded in 1979 and is based in Murarrie, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Shape Technologies Group

Kent, Washington, United States

Shape Technologies Group is a manufacturer of proprietary ultra-high pressure (“UHP”) pumps, waterjet cutting systems, and integrated robotic automation solutions that enable the processing of modern industrial materials. SHAPE offers customers a productivity solution that maximizes machine uptime, minimizes post-processing, and decreases cycle times. SHAPE serves customers in mission critical environments for industries including food processing, material handling, aerospace, automotive lightweighting, and general industrial markets. Shape Technologies Group is based in Kent, Washington.

Sell -

Seller(S) 1

SELLER

Veoneer

Stockholm, Sweden

Category Company
Founded 2017
Sector Automotive
Revenue 1.4B USD (2020)
DESCRIPTION

Veoneer is an automotive technology that designs, develops, and manufactures state-of-the-art software, hardware, and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Veoneer was formed in 2017 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
Country (Sweden) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Veoneer Active Safety

Stockholm, Sweden

Veoneer Active Safety is the safety business unit of Veoneer. The Unit provides hardware to alert drivers and provide warnings to prevent accidents.

Sell $1.5B