ACQUISITION: Magna to acquire Veoneer for USD3.8 billion

Acquisition, divestment & Spinoff

The transaction adds substantial engineering and software expertise, including sensor perception, and drive policy software

According to an official press release dated 23 July, Magna and Veoneer announced the signing of a definitive merger agreement in which Magna will acquire Veoneer, a leader in automotive safety technology.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload