# Magna International acquires Veoneer Active Safety Business: acquisition

Canonical ID: `81d28643-8492-4b43-ab0d-1aeb3c80c7d0`

Auto-parts supplier Magna International completed its acquisition of Veoneer's Active Safety business (ADAS radar, camera and integration systems, plus ~2,200 engineers) on June 1, 2023. The December 19, 2022 agreement valued the business at $1.525 billion in cash; the actual purchase price was $1,438 million net of $111 million cash acquired (Magna SEC Form 40-F, FY2023). This is the Active Safety unit only, distinct from SSW Partners' 2022 acquisition of Veoneer and Qualcomm's purchase of the Arriver unit.

- **Structure:** asset purchase
- **Status:** completed
- **Valuation:** $1.5B (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Magna International](https://registry.deploy.report/companies/magna-international.md)
- **Acquired:** Veoneer Active Safety Business _(off-registry)_

## Timeline

- **Announced:** 2022-12-19
- **Closed:** 2023-06-01

## Sources (2)

1. https://www.sec.gov/Archives/edgar/data/749098/000119312524080656/d522979dex2.htm
2. https://www.globenewswire.com/news-release/2022/12/20/2576848/0/en/Magna-to-Acquire-Veoneer-Active-Safety-Business.html


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