Veoneer

About Veoneer

Veoneer emerged as a distinct entity in the automotive technology sector in 2018, following its spin-off from Autoliv, a global leader in automotive safety systems. This strategic separation was designed to allow Veoneer to focus on the rapidly growing market for electronics and automated driving, a field where its team had already been developing products for two decades within Autoliv. The new company began trading on the New York Stock Exchange and Nasdaq Stockholm, establishing its headquarters in Stockholm, Sweden.

Veoneer's business is centered on the design, development, and supply of advanced driver-assistance systems (ADAS), collaborative and autonomous driving technologies, and automotive safety electronics. The company serves major global automakers, providing them with the hardware and software necessary to enhance vehicle safety and performance. Its product portfolio has historically included radars, lidars, thermal night vision cameras, vision systems, and the associated software for autonomous driving. A significant part of its offering is Restraint Control Systems (RCS), which activate passive safety features like airbags and seatbelt pre-tensioners during a collision. These systems consist of Electronic Control Units (ECUs) and various remote sensors that measure acceleration and pressure changes to enable timely and appropriate responses to crashes.

Following its inception, Veoneer underwent a series of strategic acquisitions and divestitures to refine its market focus. In October 2021, a significant chapter began when Qualcomm and SSW Partners agreed to acquire Veoneer for \$4.5 billion. This led to a planned divestiture of Veoneer's three main divisions. The Arriver™ software business was sold to Qualcomm, the Active Safety division was acquired by Magna International for \$1.52 billion, and the Restraint Control Systems business was ultimately acquired by American Industrial Partners (AIP). This restructuring concluded in early 2024, with each division placed under new ownership to foster its long-term growth.