M&A Deal Summary

Qualcomm Acquires Veoneer

On August 5, 2021, Qualcomm acquired automotive company Veoneer

Acquisition Highlights
  • This is Qualcomm’s 1st transaction in the Automotive sector.
  • This is Qualcomm’s 1st transaction in Sweden.

M&A Deal Summary

Date 2021-08-05
Target Veoneer
Sector Automotive
Buyer(s) Qualcomm
Deal Type Add-on Acquisition

Target

Veoneer

Stockholm, Sweden
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.

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Buyer(S) 1

Buyer

Qualcomm

San Diego, California, United States

Category Company
Founded 1985
Sector Semiconductors
Employees49,000
Revenue 39.0B USD (2024)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.


DEAL STATS #
Overall 35 of 41
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 31 of 36
Country: Sweden M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 NUVIA

Santa Clara, California, United States

NUVIA reimagines silicon design for high-performance computing environments. The company is focused on building products that blend the best attributes of compute performance, power-efficiency and scalability. NUVIA comprises a proven world-class CPU and technology design team, with expertise in high performance processors, Systems on a Chip (SoC) and power management for compute-intensive devices and applications.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Clay AIR

Los Angeles, California, United States

Clay AIR developed the only hardware agnostic hand tracking technology that enables hardware and software providers to offer their users immersive and natural interactions with digital or virtual assets without compromising the experience’s precision and performance. Clay AIR hand tracking technology is the result of over 10 years of research in artificial intelligence, computer vision and user experience. Over the last 5 years, Clay AIR has partnered with some of the largest OEMs to commercialize a new layer of interactivity, developing software solutions with industry leaders such as Qualcomm, Lenovo, Bose, Renault, Faurecia, Nreal, and more. Clay AIR was formed in 2014 and is based in Los Angeles, California.

Buy -