Qualcomm, investment firm SSW Partners to buy Swedish automotive company Veoneer for $4.5 billion
Daniel Levi
Posted On October 4, 2021
Qualcomm and investment firm SSW Partners announced on Monday they had reached a deal to buy Swedish company Veoneer for $4.5 billion in cash, according to news first reported by Reuters.
Founded just three years ago, Veoneer is an American Swedish provider of automotive technology based in Stockholm, Sweden. The company produces sensors, control units, software, and systems for Advanced Driving Assistance Systems (ADAS).
Veoneer is the result of a spin-off in 2018 of Autoliv’s electronics and automated driving divisions. In 2019, Veoneer acquired high-performance brakes maker Nissin Kogyo’s 49% stake in the Veoneer-Nissin Joint Venture’s US operation.[4] Veoneer’s products include radars, lidars, thermal night vision cameras, vision systems, and advanced driver assistance, and autonomous driving software.
Veoneer’s customers include all major global automakers. The company also provides night driving assist systems, active safety sensors, mono-and stereo-vision cameras, airbag control units, and crash sensors. The company also designs, compiles, and sells state-of-the-art software, hardware, and systems for active safety, autonomous driving, occupant protection, and brake control.
To date, Veoneer has nearly 8,600 people working as a team with cutting-edge technologies — like vision systems, radar, lidar, night vision, electronic controls, and human-machine interface.
