Magna to buy Veoneer Active Safety for $1.53 billion in bid to boost ADAS business

Veoneer on stock board.jpg — (Bloomberg)

December 20, 2022 05:11 PM

Canadian supplier Magna International Inc. said on Tuesday it agreed to buy Veoneer Active Safety from investment firm SSW Partners for $1.53 billion in cash to bolster its portfolio of self-driving technology.

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