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Stock impact report

American Industrial Partners Capital Fund VII completes acquisition of Veoneer [Yahoo! Finance]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: Yahoo! Finance
completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023 Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly 1 in every 4 cars that left the production lines globally was equipped with Veoneer's Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident. Veoneer's leadership position is the result of decades of delivering premium product quality, customer service, and technical innovation. AIP's ownership offers a platform for long-term sustainable growth, benefitting the workforce, suppliers, customers, and end-customers. The transaction with AIP Fund VII completes Veoneer's and SSW's strategy of finding the right long-term homes for Veoneer's three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, now owned Show less Read more
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