American industrial partners capital fund vii to acquire veoneer's restraint control systems business

Stockholm and new york , dec. 6, 2023 /prnewswire/ -- the automotive technology company veoneer today announced that it has entered into an agreement with an investment fund managed by american industrial partners ("aip"), for the acquisition of veoneer's restraint control systems business from ssw partners lp ("ssw"). the transaction with american industrial partners capital fund vii ("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, to be acquired by aip fund vii.
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