{"id":"81d28643-8492-4b43-ab0d-1aeb3c80c7d0","slug":"magna-acquires-veoneer-active-safety-2023","acquirerCompanyId":"1a64e86a-d4f0-4e70-b527-ebe3edb381f1","acquiredCompanyId":null,"acquirerName":"Magna International","acquiredName":"Veoneer Active Safety Business","announcementDate":"2022-12-19T00:00:00.000Z","closeDate":"2023-06-01T00:00:00.000Z","status":"completed","structure":"asset_purchase","valuationUsd":"1525000000","valuationBasis":"reported","summary":"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.","sources":[{"url":"https://www.sec.gov/Archives/edgar/data/749098/000119312524080656/d522979dex2.htm","date":"2024-03-28","tier":"primary/official","title":"Magna International Inc. Form 40-F FY2023 (Veoneer Active Safety acquisition, closed June 1, 2023)","sourceName":"SEC EDGAR (Magna 40-F)"},{"url":"https://www.globenewswire.com/news-release/2022/12/20/2576848/0/en/Magna-to-Acquire-Veoneer-Active-Safety-Business.html","date":"2022-12-20","tier":"primary/official","title":"Magna to Acquire Veoneer Active Safety Business","sourceName":"Magna International (GlobeNewswire, official)"}],"verificationPosture":"verified","reviewStatus":"unreviewed","createdAt":"2026-07-23T03:23:20.226Z","updatedAt":"2026-07-23T03:23:20.226Z","acquirerCompany":{"id":"1a64e86a-d4f0-4e70-b527-ebe3edb381f1","slug":"magna-international","name":"Magna International"},"acquiredCompany":null,"assets":[]}