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M&A Deal Summary

MAGNA Acquires Veoneer Active Safety

On December 20, 2022, MAGNA acquired test/measurement equipment company Veoneer Active Safety from Veoneer for 1.5B USD

Acquisition Highlights
  • This is MAGNA’s 1st transaction in the Test/Measurement Equipment sector.
  • This is MAGNA’s 2nd largest (disclosed) transaction.
  • This is MAGNA’s 1st transaction in Sweden.

M&A Deal Summary
Date 2022-12-20
Target Veoneer Active Safety
Sector Test/Measurement Equipment
Buyer(s) MAGNA
Sellers(s) Veoneer
Deal Type Divestiture
Deal Value 1.5B USD

Target

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.

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Buyer(S) 1

Buyer

MAGNA

Aurora, Ontario, Canada
Category Company
Founded 1957
Sector Automotive
Employees179,000
Revenue 42.8B USD (2023)
DESCRIPTION
MAGNA's headquarters in Aurora, Ontario.
MAGNA's headquarters in Aurora, Ontario.

MAGNA is a diversified automotive supplier. Magna designs, develops and manufactures automotive systems, assemblies, modules and components, as well as engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. Magna was formed in 1957 and is based in Aurora, Ontario. MAGNA was founded in 1957 and is based in Aurora, Ontario.

DEAL STATS #
Overall 21 of 21
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 7 of 7
Country (Sweden) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Wipac Czech s.r.o.

Ostrava, Czech Republic

Wipac Czech s.r.o. is an independent automotive design company based in Ostrava, Czech Republic and employs 35 designers, electronics and CAD engineers solely focussed on automotive LED lighting design. Wipac Czech is based in Ostrava, Czech Republic.

Buy -

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 1 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 2
Country (Sweden) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 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.

Sell -
Mergr

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