Magna to acquire veoneer active safety business

Aurora, ontario, dec. 20, 2022 (globe newswire) -- magna international inc. (tsx: mg; nyse: mga) today announced it has entered into an agreement to acquire the veoneer active safety business from ssw partners for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. the combined business is projected to generate approximately $3 billion in sales in 2024, positioning magna's adas business as a global leader.
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