News & Press Releases
Southfield, MI, USA, April 22, 2024: Veoneer, a market leader in Automotive Safety Systems, today announces the appointment of Nik Endrud as Veoneer's new Chief Executive Officer, effective immediately.
Nik Endrud is a results-driven business leader with an excellent track record and more than 20 years of experience from leadership positions at global automotive suppliers. Most recently, Nik served as Executive Vice President Americas at Forvia, a leading automotive technology supplier combining the assets of Faurecia and Hella with global sales of €27 billion. Nik was responsible for Forvia’s North and South America businesses, comprising 61 plants and ~30,000 employees.
Nik was Vice President and General Manager for Ride Control at Tenneco between 2019 and 2021, and prior to that worked at Faurecia SA since 2006, where he held several leadership positions, including General Manager for the North America seating and global seat frames businesses, VP global strategy and innovation and VP North America customer business unit.
“I am humbled to step into my role as CEO of Veoneer. Nearly 1 in every 4 cars that left the production line globally last year was equipped with Veoneer's Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident. The company’s leadership position in Restraint Control Systems is a true team effort and the result of decades of delivering best-in-class product quality, customer service, and technical innovation. I am honored to lead the team into the future,” said Nik Endrud, Chief Executive Officer, Veoneer.
For more information please contact:
For Veoneer: Cathrine Stjärnekull, Communications Director
[email protected], tel +46 709 578 181
For AIP: Ryan Drumm, Partner, Marketing & Investor Relations
[email protected], tel: +1 212 627-2360
About Veoneer:
With sales of approximately $900 million for the full year 2023, Veoneer is a world leader in Automotive Electronic Safety Systems. Veoneer’s scalable, best-in-class restraint control systems are saving lives by mitigating the effects of car crashes. 2023 was a record launch year and in 2024, the company’s products are part of 40 scheduled vehicle launches. To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. The company is building on a heritage of 70 years of automotive safety development. Veoneer has approximately 2,700 employees in 11 countries.
About AIP:
AIP has deep roots in the industrial economy and currently manages over $16 billion on behalf of its limited partners. AIP is distinctively focused on industrial businesses across a broad range of end-markets that include aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP seeks to generate differentiated returns by working with management teams to implement comprehensive Operating Agendas to improve profitability and build long-term value. Current AIP portfolio companies generate aggregate annual revenues in excess of $28 billion and employ over 70,000 employees as of September 30, 2023. For additional detail on AIP’s strategy, investment criteria, and portfolio companies, please visit www.americanindustrial.com or contact [email protected].
Southfield MI, USA, March 1, 2024: Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023.
Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly 1 in every 4 cars that left the production lines globally was equipped with Veoneer's Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident.
Veoneer's leadership position is the result of decades of delivering premium product quality, customer service, and technical innovation. AIP's ownership offers a platform for long-term sustainable growth, benefitting the workforce, suppliers, customers, and end-customers.
The transaction with AIP Fund VII completes Veoneer's and SSW's strategy of finding the right long-term homes for Veoneer's three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, now owned by AIP Fund VII.
Evercore and Morgan Stanley & Co. LLC acted as financial advisors to Veoneer and SSW. Davis Polk & Wardwell LLP and Eversheds Sutherland LLP acted as legal counsels to Veoneer and SSW. Ropes & Gray LLP acted as legal counsel to AIP. Baker Botts LLP acted as regulatory counsel to AIP, Veoneer and SSW.
For more information please contact:
For Veoneer:
Cathrine Stjärnekull, Communications
[email protected], +46 709 578181
For AIP:
Ryan Drumm, Partner, Marketing & Investor Relations
[email protected], +1 212 627-2360
About Veoneer:
With sales of approximately $916 million for the full year 2023, Veoneer is the world leader in Automotive Electronic Safety Systems. Veoneer's scalable, best-in-class restraint control systems are saving lives by mitigating the effects of car crashes. To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. The company is building on a heritage of 70 years of automotive safety development. Veoneer has approximately 2,700 employees in 11 countries.
About AIP:
AIP has deep roots in the industrial economy and currently manages over $16 billion on behalf of its limited partners. AIP is distinctively focused on industrial businesses across a broad range of end-markets that include aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP seeks to generate differentiated returns by working with management teams to implement comprehensive Operating Agendas to improve profitability and build long-term value. Current AIP portfolio companies generate aggregate annual revenues in excess of $28 billion and employ over 70,000 employees as of September 30, 2023. For additional detail on AIP's strategy, investment criteria, and portfolio companies, please visit www.americanindustrial.com or contact [email protected].
About SSW Partners LP:
SSW Partners invests in high-quality businesses and collaborates with partners to create enduring value for all stakeholders. We focus on businesses that consistently invest in their products and people, have built their reputations based on the quality of the goods they produce or services they provide, who have demonstrated the capacity for innovation and constant improvement, and who prioritize the interests of all stakeholders, including employees, customers, owners, and the communities in which the businesses operate.
Stockholm and New York, December 6, 2023: The automotive technology company Veoneer today announced that it has entered into an agreement with an investment fund managed by American Industrial Partners ("AIP"), for the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP ("SSW").
The transaction with American Industrial Partners Capital Fund VII (“AIP Fund VII”) completes Veoneer’s and SSW’s strategy of finding the right long-term homes for Veoneer’s three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, to be acquired by AIP Fund VII.
AIP invests in industrial businesses with a long track record of partnering with and growing businesses across industrial end markets, including several investments in the automotive sector. The combination of AIP’s process for investing behind operational capabilities and Veoneer’s industry-leading position, products, and competence in Restraint Control Systems creates a strong platform for long-term, sustainable growth for Veoneer, its customers, products and people.
“We are pleased to announce this transaction with AIP, who bring a differentiated operating skillset alongside long-term capital that present a compelling platform for Veoneer’s future growth,” said Jacob Svanberg, Chief Executive Officer, Veoneer. “We are grateful for our loyal customers, supplier partners, and our dedicated employees, whose relentless pursuit of quality and innovation has created a leading platform of life-saving technology.”
In April 2022, SSW acquired Veoneer in an all-cash transaction representing a total equity value of $4.6 billion. Qualcomm Incorporated (NASDAQ: QCOM) subsequently completed the acquisition of Arriver™ from SSW. On June 1, 2023 Magna International completed the acquisition of Veoneer’s Active Safety business.
Evercore and Morgan Stanley & Co. LLC acted as financial advisors to Veoneer and SSW. Davis Polk & Wardwell LLP and Eversheds Sutherland LLP acted as legal counsels to Veoneer and SSW. Ropes & Gray LLP acted as legal counsel to AIP. Baker Botts LLP acted as regulatory counsel to AIP, Veoneer and SSW.
For more information please contact:
For Veoneer:
Thomas Jönsson, EVP Communications & IR
[email protected], tel +46 (0)8 527 762 27
For AIP:
Ryan Drumm, Partner, Marketing & Investor Relations
[email protected], tel: +1 212 627-2360
About Veoneer:
With sales of approximately $800 million for the full year 2022, Veoneer is the world leader in Automotive Electronic Safety Systems. Veoneer’s scalable, best-in-class restraint control systems are saving lives by mitigating the effects of car crashes. In 2023, the company’s products are part of more than 40 scheduled vehicle launches. To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. The company is building on a heritage of 70 years of automotive safety development. Veoneer Safety Systems has approximately 2,700 employees in 11 countries.
About SSW Partners LP:
SSW Partners invests in high-quality businesses and collaborates with partners to create enduring value for all stakeholders. We focus on businesses that consistently invest in their products and people, have built their reputations based on the quality of the goods they produce or services they provide, who have demonstrated the capacity for innovation and constant improvement, and who prioritize the interests of all stakeholders, including employees, customers, owners, and the communities in which the businesses operate.
About AIP:
AIP has deep roots in the industrial economy and currently manages over $16 billion on behalf of its limited partners. AIP is distinctively focused on industrial businesses across a broad range of end-markets that include aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP seeks to generate differentiated returns by working with management teams to implement comprehensive Operating Agendas to improve profitability and build long-term value. Current AIP portfolio companies generate aggregate annual revenues in excess of $28 billion and employ over 70,000 employees as of September 30, 2023. For additional detail on AIP’s strategy, investment criteria, and portfolio companies, please visit www.americanindustrial.com or contact [email protected].
Stockholm, Sweden, June 1, 2023: The automotive technology company Veoneer announced the completion of the sale of its Active Safety business to Magna, a mobility technology company and one of the largest suppliers in the auto industry. The transaction was first announced on December 20, 2022.
“Today is a great day for all stakeholders of Veoneer’s Active Safety business. The combination with Magna will create a leading global supplier for ADAS and secure a compelling long-term home for the Active Safety business’s loyal customers, dedicated employees, and innovative product portfolio,” said Jacob Svanberg, Chief Executive Officer, Veoneer.
In April 2022, SSW Partners acquired Veoneer in an all-cash transaction representing a total equity value of $4.6 billion. Qualcomm Incorporated (NASDAQ: QCOM) subsequently completed the acquisition of Arriver™ from SSW Partners.
Veoneer is now fully focused on safety-critical electronics, as the global pure-play market leader in restraint control system electronics. To mark this shift, Veoneer has added Safety Systems to its corporate brand.
“Veoneer Safety Systems is a growing, cash-generative business with a highly skilled workforce. Our leadership position is the result of decades of delivering best-in-class product quality, customer service, and technical innovation. With the closing of the sale of the Active Safety business, we are now able to focus on finding the best long-term home for Veoneer Safety Systems,” Mr. Svanberg continued.
Evercore and Morgan Stanley & Co. LLC acted as financial advisors, Davis Polk & Wardwell LLP and Eversheds Sutherland LLP as legal counsels, and Baker Botts LLP as regulatory counsel to Veoneer and SSW Partners in the sale of Veoneer’s Active Safety business.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
About Veoneer Safety Systems
With sales of approximately $750 million for the full year 2022, Veoneer Safety Systems is the world leader in Automotive Electronic Safety Systems. Veoneer’s scalable, best-in-class restraint control systems are saving lives by mitigating the effects of a car crash. In 2023, the company’s products are part of more than 40 scheduled vehicle launches. To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. The company is building on a heritage of 70 years of automotive safety development. Veoneer Safety Systems has approximately 2,700 employees in 11 countries.
About SSW Partners
SSW Partners invests in high-quality businesses and collaborates with partners to create enduring value for all stakeholders. We focus on businesses that consistently invest in their products and people, have built their reputations based on the quality of the goods they produce or services they provide, who have demonstrated the capacity for innovation and constant improvement, and who prioritize the interests of all stakeholders, including employees, customers, owners, and the communities in which the businesses operate.
Stockholm, Sweden, March 30, 2023: General Motors recognized Veoneer as a 2022 Supplier of the Year. GM celebrated honorees at its 31st annual Supplier of the Year event in San Antonio, Texas, earlier this week.
GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing customers with innovative technologies and among the highest quality in the automotive industry. This is the 5th time Veoneer has received the award.
“We are honored to receive the 2022 General Motors Supplier of the Year Award,” said Jacob Svanberg, Veoneer CEO. “We are proud to be recognized by our longtime partner for our commitment to performance, quality and innovation for safety and convenience to car drivers and occupants across the globe.”
"We are thrilled to recognize these outstanding suppliers after yet another challenging year in the automotive industry," said Jeff Morrison, GM vice president of Global Purchasing and Supply Chain. "They overcame countless obstacles and exemplified what it means to be resilient, resourceful and determined. Beyond that, these suppliers demonstrated their commitment to sustainable innovation and to driving advanced solutions in collaboration with the GM team."
Each year, GM’s Supplier of the Year recipients are selected by a global, cross-functional GM team for their performance in criteria such Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
Veoneer HoldCo, LLC. is an automotive technology company, a world leader in active safety and restraint control systems, focused on delivering innovative, best-in-class products and solutions to our customers. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 120 scheduled vehicle launches for 2023. Headquartered in Stockholm, Sweden, Veoneer has 6,400 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
Southfield, MI - January 3, 2023 - The automotive technology company Veoneer is hosting an expert panel at the CES 2023 Research Summit on Thursday, January 5, 2023 from 9:00am - 9:40am PST.
The panel, titled “The Spinning Wheel of Technology – On the Road to Trusted Mobility”, will address the trends, research, and innovation in the new automotive safety era where active safety technology is advancing. The safety paradigm has changed – in the past, passengers were considered safe when inside of a safe vehicle. Now, whether someone is inside or outside of a vehicle, they are considered safe when surrounding vehicles are equipped with active safety.
Even base models of vehicles will soon be equipped for emergency braking and driver management, which forces consumer organizations to raise the bar even higher for top ratings which in turn encourages new technologies. Hands-off driving is now possible in the United States as a SAE level 2 feature and in Europe as a SAE level 3.
In the consortium Advanced Vehicle Technology (AVT), researchers at the Massachusetts Institute of Technology have studied driver responses and interactions with assistive and safety technologies, including hands-off driving. Veoneer is part of AVT and the invited panel members will discuss the new research findings. The take-away will be an understanding of what makes the wheel spin and what we expect and direct towards.
The panel, moderated by Ola Boström, VP Government and Regulatory Affairs, Veoneer, will include:
- Junko Yoshida, Co-Founder & Editor-in-Chief, The Ojo-Yoshida Report
- David Harkey, President, Insurance Institute for Highway Safety
- Bryan Reimer, Research Scientist, Massachusetts Institute of Technology
The Research Summit will take place in the Las Vegas Convention Center West Hall Meeting Rooms W228-233, located on the 2nd floor (300 Convention Center Dr, Las Vegas, Nevada 89109).
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
Veoneer is an automotive technology company. As a world leader in active safety and restraint control systems, Veoneer is focused on delivering innovative, best-in-class products and solutions. Our purpose is to create trust in mobility. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
Stockholm, Sweden, and New York, USA, December 20, 2022: The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer's Active Safety business from SSW Partners, a New York based investment partnership ("SSW") for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments.
Combining Veoneer’s Active Safety competence and product portfolio with Magna's Advanced Driver Assistance Systems, ADAS, business will strengthen the combined business and provide customers in more geographical locations with a full suite of ADAS solutions.
“Magna is the right long-term home for Veoneer’s Active Safety business. The combination of both businesses creates durable value and accelerates an already exciting growth trajectory for Veoneer’s employees, products and customers. Until closing of the agreement, Veoneer continues to execute in its current structure with full focus on customer deliveries, new launches and continued innovation,” said Jacob Svanberg, Chief Executive Officer, Veoneer.
In April 2022, SSW Partners acquired Veoneer in an all-cash transaction representing a total equity value of $4.6 billion. Qualcomm Incorporated (NASDAQ: QCOM) subsequently completed the acquisition of Arriver™ from SSW Partners for an undisclosed sum. With the announcement to sell the Active Safety business to Magna, Veoneer continues the process of finding the best long-term home for its Restraint Control Systems business.
The transaction with Magna is expected to close near mid-year 2023, subject to approval of applicable regulatory authorities and other customary closing conditions.
Evercore and Morgan Stanley& Co. LLC acted as financial advisors to Veoneer and SSW Partners. Davis Polk & Wardwell LLP acted as legal counsel and Baker Botts L.L.P acted as regulatory counsel to Veoneer and SSW Partners.
For more information please contact:
For Veoneer:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
For SSW Partners:
Gladstone Place Partners
Steve Lipin/Danielle Fornabaio +1 (212) -230-5930
About Veoneer
Veoneer HoldCo, LLC., an automotive technology company, is a world leader in active safety and restraint control systems, focused on delivering innovative, best-in-class products and solutions to our customers. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 125 scheduled vehicle launches for 2022. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
About SSW Partners LP
SSW Partners invests in high-quality businesses and collaborates with partners to create enduring value for all stakeholders. We focus on businesses that consistently invest in their products and people, have built their reputations based on the quality of the goods they produce or services they provide, who have demonstrated the capacity for innovation and constant improvement, and who prioritize the interests of all stakeholders, including employees, customers, owners, and the communities in which the businesses operate.
Stockholm, Sweden, December 16, 2022: The automotive technology company Veoneer has been awarded its largest Restraint Control System contract ever.
Veoneer’s Restraint Control Systems (RCS) business has been awarded a significant, long-term contract to deliver its market-leading next-generation product to one of North America’s largest OEMs. In 2026, Veoneer will begin delivering the restraint control system to four of the North American OEM’s vehicle platforms, including its electric vehicles.
Veoneer’s Restraint Control Systems (RCS) trigger the vehicle’s passive safety systems, such as tightening safety belts and deploying airbags, when a crash cannot be avoided. Veoneer’s Restraint Control System has scalable sensing and actuation capabilities with a platform design that is compatible with future electric vehicle and autonomous vehicle architectures.
Veoneer RCS order intake for 2022 has nearly returned to its record levels from before the automotive industry slowdown tied to the global pandemic. “Landing the biggest business award ever is truly an amazing achievement that demonstrates the technical strength and innovation of our next-generation products,” says Robert Bisciotti, EVP Product Area RCS. “I am very proud as this is an acknowledgment of an excellent customer relationship and the value they place in our team.”
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)70 9578127
Veoneer HoldCo, LLC. is an automotive technology company, a world leader in active safety and restraint control systems, focused on delivering innovative, best-in-class products and solutions to our customers. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 125 scheduled vehicle launches for 2022. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
Stockholm, Sweden, November 15, 2022: The automotive technology company Veoneer has signed an agreement with a major Asian OEM to equip an electric vehicle joint-venture in China with an active safety system comprising of a monovision camera, a package of forward-looking and corner radars, and an ADAS ECU.
In 2024, Veoneer will begin delivering and integrating the Active Safety system, designed for collaborative driving on level 2+. The system's high level of safety functionality is maintained in bad weather and darkness, and it includes features that can trigger alarms, take control of the vehicle to avoid a crash or lessen an accident's severity as well as automatically brake the car.
The award includes Veoneer's 4th generation monovision system. The hardware is integrated with software which is using deep learning technologies that identify objects such as cars, road markings and road signs.
Veoneer's corner and forward-looking radars provide reliable and accurate situational awareness of objects surrounding the vehicle and are critical for autonomous driving systems. Radar systems warn for potential collisions, are used for avoiding blind spot crashes, and can control stop-and-go functions in queues, among other functionalities.
The award also includes Veoneer's ADAS ECU, the multi-lingual brain that monitors the surroundings and fuses data from cameras, radars and sensors, interprets the situation and makes informed decisions to support the driver and triggers features such as emergency braking or automatic lane changes.
"We are proud to receive this major award aimed at the growing Chinese market from a renowned Asian customer. This award is truly a proof point that Veoneer has one of the industry's most capable teams and remains at the forefront of technologies, providing safe and reliable active safety systems to vehicle manufacturers globally," says Jacob Svanberg, CEO of Veoneer.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
Veoneer HoldCo, LLC. is an automotive technology company, a world leader in active safety and restraint control systems, focused on delivering innovative, best-in-class products and solutions to our customers. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 125 scheduled vehicle launches for 2022. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
Stockholm, Sweden, October 7, 2022: The automotive technology company Veoneer and the 4D imaging radar solutions company Arbe Robotics Ltd (Nasdaq: ARBE) have announced plans to co-develop radars for automotive-grade safety and rolling out autonomous functionality.
After 5 years extensive research among technology start-ups, Veoneer has chosen to partner with Arbe for their 2K high resolution industry-leading surround radar, able to enhance the perception system and sensor fusion.
Veoneer will develop, market, and integrate two surround 4D imaging radars extending on Arbe’s reference designs: one long-range, high resolution, 360° sensing solution with 48x48 RF channels (Tx/Rx) and one with 24x12 RF channels. Veoneer’s patented waveguide technology will enhance Arbe’s performance metrics further by improving antenna efficiency and reducing performance variability in the manufacturing process.
The 4D ultra high-resolution imaging radar operates also in difficult weather and lighting conditions and it differentiates true threats from false alarms to ensure a safe road ahead for drivers, pedestrians, and other vulnerable road users. The radar sensor is modular in design, reliable and affordable, providing both redundancy and the data diversity that is critical for both automotive-grade safety and rolling out autonomous functionality.
The new surround radar is expected to be in pre-production by mid-2023.
“Veoneer is committed to offering safe, robust, high-quality sensor solutions to vehicle manufacturers globally. During the past 5 years, we have performed extensive research among 4D radar companies globally. By partnering with Arbe Robotics, Veoneer will be able to offer and integrate scalable automotive-grade 4D radar-sensors in future cars, at competitive prices,” says Jacob Svanberg, CEO of Veoneer.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27
Veoneer HoldCo, LLC. is an automotive technology company, a world leader in active safety and restraint control systems, focused on delivering innovative, best-in-class products and solutions to our customers. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 125 scheduled vehicle launches for 2022. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
