Veoneer
| Company type | Private |
|---|---|
| Industry | Automotive technology |
| Predecessor | Autoliv (electronics and automated driving segments) |
| Founded | 2018 |
| Fate | Acquired and divisions sold off between 2021 and 2023 |
| Headquarters | Stockholm , Sweden |
Area served | Worldwide |
| Products | Radars, lidars, thermal night vision cameras, vision systems, advanced driver assistance and autonomous driving software, night driving assistance systems, active safety sensors, mono-vision and stereo-vision cameras, airbag control modules, crash detection sensors |
| Owner | SSW Partners (until 2023), then divisions sold to Qualcomm, Magna International, and American Industrial Partners Fund VII |
Veoneer is a Swedish company specializing in automotive technology, with its main office located in Stockholm, Sweden, and legally established in Delaware, USA as Veoneer HoldCo, LLC. The firm originated as a spinoff in 2018 from the electronics and automated driving segments of Autoliv.
In 2019, Veoneer purchased the 49% interest held by Nissin Kogyo in their joint brake manufacturing operation based in the United States. Its range of products encompasses radars, lidars, thermal night vision cameras, vision systems, along with software for advanced driver assistance and autonomous driving functions. Veoneer supplies its technologies to leading automotive manufacturers worldwide.
The company also offers systems for night driving assistance, active safety sensors, mono-vision and stereo-vision cameras, airbag control modules, and crash detection sensors.
In October 2021, Qualcomm and SSW Partners reached an agreement to acquire Veoneer for $4.5 billion. As part of this deal, SSW Partners transferred ownership of Veoneer's Arriver division to Qualcomm. The acquisition was finalized in April 2022. By mid-2022, SSW Partners initiated plans to sell off the remaining Veoneer operations. Subsequently, in December 2022, Magna International acquired Veoneer's active safety segment for $1.52 billion.
In December 2023, American Industrial Partners Fund VII completed the purchase of Veoneer's Restraint Control Systems unit from SSW Partners LP, concluding the divestment of Veoneer's three principal divisions. The other two units—Arriver Software and Active Safety—had been acquired by Qualcomm and Magna International respectively, marking the end of Veoneer's strategic reorganization.