Magna to acquire veoneer's active safety business

Stockholm and new york , dec. 20, 2022 /prnewswire/ -- the automotive technology company veoneer announced that it has entered into an agreement with magna international inc., a mobility technology company and one of the largest suppliers in the auto industry. under the agreement magna will acquire veoneer's active safety business from ssw partners, a new york based investment partnership ("ssw") for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments.
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