Veoneer is an American Swedish provider of automotive technology based in

Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

. It is incorporated in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

. The company is the result of a spin-off in 2018 of

Autoliv Autoliv Inc. is a Swedish-American automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 68,000 employees in 27 countries, of whom 5700 are involved in research, dev ...

's electronics and automated driving divisions. In 2019, Veoneer acquired high-performance brakes maker

Nissin Kogyo is a Japanese automotive parts company that makes vehicle braking systems and aluminium products. The company was founded in 1953 and is listed on the first section Tokyo Stock Exchange. As of March 2017, the company had 1.54 billion dollars in ...

's 49% stake in the Veoneer-Nissin Joint Venture's US operation. Veoneer's products include

radar Radar is a detection system that uses radio waves to determine the distance (''ranging''), angle, and radial velocity of objects relative to the site. It can be used to detect aircraft, ships, spacecraft, guided missiles, motor vehicles, w ...

lidar Lidar (, also LIDAR, or LiDAR; sometimes LADAR) is a method for determining ranges (variable distance) by targeting an object or a surface with a laser and measuring the time for the reflected light to return to the receiver. It can also be ...

s, thermal night vision cameras, vision systems and advanced driver assistance and autonomous driving software. Veoneer counts all major global automakers as its customers. The company also provides night driving assist systems, active safety sensors, mono-and stereo-vision cameras, airbag control units and crash sensors. In October 2021,

Qualcomm Qualcomm () is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4 ...

and SSW Partners reached an agreement to buy Veoneer for $4.5 billion. As part of the deal, SSW Partners would sell Veoneer's Arriver business to Qualcomm. The acquisition closed in April 2022. In June 2022, ''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Televi ...

'' reported that SSW Partners had started to prepare working on divesting the remainder of Veoneer's businesses. In December 2022, it was announced SSW Partners has sold Veoneer's active safety portion to the

Aurora An aurora (plural: auroras or aurorae), also commonly known as the polar lights, is a natural light display in Earth's sky, predominantly seen in high-latitude regions (around the Arctic and Antarctic). Auroras display dynamic patterns of bri ...

-headquartered automotive parts manufacturer,

Magna International Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 ''Forbes'' Global 2000. The company is the largest automobile parts manufacturer in North Ameri ...

for $1.52 billion USD.

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* Companies based in Stockholm Corporate spin-offs Companies formerly listed on the New York Stock Exchange American companies established in 2018 2022 mergers and acquisitions Private equity portfolio companies {{US-company-stub

See also

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External links