Veoneer

Corporate brand

Swedish-American automotive technology company that developed vehicle safety electronics, advanced driver-assistance systems, sensors, and autonomous-driving software.

Last updated August 22, 2026

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First read: Nov 4, 2026
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Overview

Veoneer was an automotive technology company created in 2018 through the separation of Autoliv's electronics and automated-driving activities. Headquartered in Stockholm and incorporated in Delaware as Veoneer HoldCo, LLC, it supplied vehicle manufacturers with electronic systems intended to improve occupant protection, collision avoidance, driver assistance, and the development of automated driving. Its portfolio combined established automotive safety hardware with newer perception and computing technologies, including radar, lidar, thermal night-vision cameras, mono- and stereo-vision cameras, vision-processing systems, electronic control units, crash sensors, and software for advanced driver-assistance systems and autonomous vehicles. The company was positioned as a technology-focused supplier to global automakers rather than as a consumer-facing vehicle brand. Its business covered both conventional passive and active safety systems. Restraint-control and airbag electronics represented the continuation of Autoliv's established safety-electronics activities, while radar, camera, lidar, night-vision, and software programs addressed the industry's transition toward increasingly automated driving. Veoneer stated that it served major automotive manufacturers internationally, making its commercial role dependent on long automotive development cycles, vehicle-program awards, production launches, and the ability to meet demanding functional-safety and reliability requirements. Veoneer's corporate history was short and heavily shaped by portfolio transactions. In 2019, it acquired a 49% interest in the United States operation of the Veoneer-Nissin joint venture from Nissin Kogyo, strengthening its control of that high-performance-braking activity. In October 2021, Qualcomm and investment firm SSW Partners agreed to acquire Veoneer for approximately $4.5 billion. The transaction closed in April 2022. The structure contemplated the subsequent separation of Veoneer's businesses: Qualcomm acquired the Arriver software operation, while SSW Partners retained the remaining activities and sought longer-term owners for them. The divestiture process subsequently dismantled Veoneer as an independent operating group. SSW Partners sold the active-safety business to Magna International in December 2022 for approximately $1.52 billion. In December 2023, American Industrial Partners Capital Fund VII completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners. These transactions separated the three principal activities that had defined Veoneer: Arriver software went to Qualcomm, Active Safety went to Magna, and Restraint Control Systems went to AIP Fund VII. Consequently, Veoneer no longer operates as an independent automotive technology company, although technologies, personnel, products, and customer programs originating in the business continued under its successor owners.

History

Veoneer's origins lay in the electronics and automated-driving operations of Autoliv, the Swedish automotive safety group. Those activities were separated from Autoliv in 2018, creating Veoneer as a separately listed automotive technology company. The new company inherited capabilities in electronic safety control, sensing, and driver-assistance technology, while also pursuing products intended for the emerging market for automated driving. Its corporate structure combined Swedish headquarters with incorporation in Delaware in the United States. From its creation, Veoneer operated across several adjoining areas of vehicle safety. Restraint-control systems, airbag electronics, and crash sensors represented mature safety applications with direct links to occupant protection. At the same time, the company developed and supplied active-safety and perception technologies, including radar, lidar, thermal night vision, mono- and stereo-vision cameras, and related processing systems. Its software activities supported advanced driver-assistance and autonomous-driving functions. This combination allowed Veoneer to present itself as a supplier spanning sensing, electronic control, and software rather than as a producer of a single component category. In 2019, Veoneer expanded its position in braking technology by acquiring Nissin Kogyo's 49% stake in the United States operation of the Veoneer-Nissin joint venture. The transaction gave Veoneer greater ownership of a business associated with high-performance brakes and broadened its safety-technology portfolio. The company's independent history changed decisively in 2021. Qualcomm and SSW Partners reached an agreement to acquire Veoneer for about $4.5 billion. The proposed structure separated the software opportunity from the rest of the company: Qualcomm was to acquire the Arriver business, while SSW Partners would own the remaining activities and determine their future. The transaction closed in April 2022. Arriver became part of Qualcomm's automotive software strategy, while the active-safety and restraint-control operations remained subject to subsequent transactions. SSW Partners then began arranging longer-term ownership for the retained businesses. In December 2022, Magna International acquired Veoneer's active-safety business for approximately $1.52 billion. Magna's purchase transferred technologies and operations involving active safety, sensing, and related vehicle systems to a large automotive supplier. In December 2023, American Industrial Partners Capital Fund VII completed its acquisition of Veoneer's Restraint Control Systems business from SSW Partners. This final transaction separated the restraint-control activity from the other former Veoneer divisions. The result was the effective end of Veoneer as an independent operating company. Its former business areas were distributed among Qualcomm, Magna International, and AIP Fund VII, reflecting the different strategic profiles of automated-driving software, active safety, and restraint-control electronics. Although the Veoneer corporate brand ceased to represent a unified standalone supplier, its products, engineering capabilities, customer relationships, and programs continued through the acquiring organizations.

2023
Restraint Control Systems is sold to AIP Fund VII
[1]Veoneeren.wikipedia.org
American Industrial Partners Capital Fund VII completed the acquisition of Veoneer's Restraint Control Systems business, completing the separation of the three principal divisions.
2022
Veoneer acquisition closes
[1]Veoneeren.wikipedia.org
The Qualcomm and SSW Partners acquisition closed in April, moving Veoneer into a staged business-separation process.
2022
Active Safety is sold to Magna International
[1]Veoneeren.wikipedia.org
SSW Partners sold Veoneer's active-safety business to Magna International for approximately $1.52 billion.
2021
Qualcomm and SSW Partners announce acquisition agreement
[1]Veoneeren.wikipedia.org
The parties agreed to acquire Veoneer for approximately $4.5 billion and planned to separate Arriver software from the other businesses.
2019
Veoneer acquires Nissin Kogyo's United States joint-venture interest
[1]Veoneeren.wikipedia.org
Veoneer acquired Nissin Kogyo's 49% interest in the United States operation of the Veoneer-Nissin joint venture, which was associated with high-performance braking.
2018
Veoneer is spun off from Autoliv
[1]Veoneeren.wikipedia.org
Autoliv separated its electronics and automated-driving divisions into Veoneer, which began operating as an independent automotive technology company.

Products and positioning

Specialist global automotive safety and automated-driving technology supplier serving vehicle manufacturers and integrating sensing, control electronics, and software.

Advanced driver assistance and vehicle safety
Active Safety Systems
Veoneer's active-safety portfolio combined sensing and perception technologies for functions designed to help detect hazards, support collision avoidance, and enable driver-assistance features. The portfolio included radar, lidar, camera-based vision, and associated electronic and software systems. It was sold to Magna International in 2022.
Automotive software
Arriver
Arriver was Veoneer's software business for advanced driver assistance and automated driving. It was intended to combine perception, computer-vision, and driving-policy capabilities with automotive hardware and vehicle platforms. Under the 2021 acquisition structure, the business was transferred to Qualcomm following the 2022 closing.
Passive safety electronics
Restraint Control Systems
Restraint Control Systems covered electronic control functions associated with occupant protection, including airbag and restraint management and related crash-sensing capabilities. The business represented one of Veoneer's principal operating divisions and was acquired from SSW Partners by American Industrial Partners Capital Fund VII in 2023.
Automotive sensors
Radar, lidar, and vision systems
Veoneer supplied automotive perception hardware including radar and lidar sensors, thermal night-vision cameras, and mono- and stereo-vision cameras. These technologies supported active safety, night-driving assistance, advanced driver assistance, and development paths toward automated driving.
Automotive braking
High-performance braking systems
Through the Veoneer-Nissin joint venture and its 2019 acquisition of Nissin Kogyo's United States interest, Veoneer was involved in high-performance braking technology alongside its broader electronics and sensing portfolio.

Brand decisions

2023
Sell Restraint Control Systems to AIP Fund VIIM&A
Background
The remaining Veoneer businesses were being allocated to owners whose investment strategies matched their individual technology and operating profiles.
Action taken
American Industrial Partners Capital Fund VII acquired Veoneer's Restraint Control Systems business from SSW Partners.
Aftermath
The transaction completed the planned separation of Veoneer's three principal divisions: Arriver software, Active Safety, and Restraint Control Systems.
Source
2022
Sell Active Safety to Magna InternationalM&A
Background
After the Qualcomm and SSW Partners acquisition closed, SSW Partners sought separate long-term owners for Veoneer's retained operating divisions.
Action taken
SSW Partners sold Veoneer's active-safety portion to Magna International.
Aftermath
Magna assumed the active-safety business, while the restraint-control business remained with SSW Partners pending a later transaction.
Reported purchase price. $1.52 billion (December 2022 transaction)
Source
2021
Agree to acquisition by Qualcomm and SSW PartnersM&A
Background
Veoneer's combination of automotive sensing, safety electronics, and automated-driving software attracted a strategic buyer and a financial partner.
Action taken
Qualcomm and SSW Partners agreed to acquire Veoneer, with the intended structure assigning Arriver software to Qualcomm and the remaining businesses to SSW Partners.
Aftermath
The transaction closed in 2022 and initiated the breakup of Veoneer into separate businesses.
Announced acquisition value. $4.5 billion (2021 announcement)
Source
2019
Acquire Nissin Kogyo's United States joint-venture stakeM&A
Background
Veoneer participated in a joint venture with Nissin Kogyo in high-performance braking.
Action taken
Veoneer acquired Nissin Kogyo's 49% stake in the joint venture's United States operation.
Aftermath
The transaction increased Veoneer's ownership and control of the United States braking operation.
Source
2018
Separate electronics and automated-driving activities from AutolivStrategy
Background
Autoliv separated its electronics and automated-driving divisions to create a standalone automotive technology company.
Action taken
Veoneer was established as an independent business focused on automotive safety electronics, sensors, and automated-driving technologies.
Aftermath
The separation gave the electronics and automated-driving activities their own corporate identity and later enabled their sale to different strategic and financial owners.
Source

Recent events

2021.10.05
Reported2021.10.05
Qualcomm announces acquisition of Veoneer[3]高通宣布收购 Veoneerbnext.com.tw
Qualcomm announced that it would acquire Veoneer with New York investment firm SSW Partners for $37 per share in an all-cash transaction.
2021.10.04
Reported2021.10.04
Qualcomm and SSW Partners announce agreement to acquire Veoneer[4]Qualcomm与SSW Partners宣布收购Veoneertechcrunch.com
Qualcomm and investment group SSW Partners said they would acquire Veoneer for $37 per share in an all-cash transaction. At closing, SSW said it would sell Veoneer's Arriver technology to Qualcomm and retain Veoneer's other Tier 1 supplier businesses. The deal was expected to close the following year.
2021.10.04
Reported2021.10.05
Magna terminates merger agreement to acquire Veoneer[5]Magna终止收购Veoneer的合并协议canplastics.com
Magna terminated its merger agreement to acquire Veoneer after Qualcomm's offer was ruled a superior proposal; Veoneer will pay Magna a US$110 million termination fee.
2021.10.04
Reported2021.10.04
Veoneer ends its agreement with Magna[4]Qualcomm与SSW Partners宣布收购Veoneertechcrunch.com
Veoneer had previously agreed to sell itself to Magna, but the article reports that the agreement was canceled after Qualcomm submitted a higher bid. Veoneer was to pay Magna a $110 million breakup fee.
2021.08.06
Reported2021.08.06
Qualcomm proposes to acquire Veoneer[6]高通提出收购Veoneerfinance.sina.com.cn
Qualcomm announced a proposal to acquire Swedish automotive technology supplier Veoneer for $4.6 billion; the article says Qualcomm's board had approved the proposal.
2021.07.22
Reported2021.07.23
Magna announces acquisition of Veoneer[7]麦格纳宣布收购维宁尔finance.sina.com.cn
Magna announced that it would acquire Veoneer for approximately $3.8 billion in cash. The transaction had been approved by both companies’ boards and was expected to close before the end of the year.
2021.07.19
Reported2021.07.19
Veoneer and Baraja partner to develop Spectrum-Scan LiDAR[8]Veoneer与Baraja合作开发Spectrum-Scan激光雷达prnewswire.com
Veoneer signed a non-exclusive agreement with Baraja to industrialize Baraja's Spectrum-Scan LiDAR technology for L2+ through L4 autonomous vehicle applications. Under the agreement, Veoneer will develop, market and integrate a scalable platform.
2021.01.27
Veoneer and Qualcomm agree to develop driver-assistance technology[9]Veoneer与高通达成驾驶辅助技术开发合作协议citnews.com.cn
Veoneer said it had signed a cooperation agreement with Qualcomm to jointly develop software and chip platforms for advanced driver-assistance systems.
2020.11.04
Reported2020.11.04
Veoneer announces Ray Pekar as CFO[10]Veoneer宣布任命Ray Pekar为首席财务官prnewswire.com
Veoneer announced the appointment of Ray Pekar as Chief Financial Officer, effective March 2021.
2019.10.30
Reported2019.10.30
FLIR thermal sensing technology selected for Veoneer autonomous vehicle contract[11]FLIR热感技术获选用于Veoneer自动驾驶汽车项目calgarysun.com
FLIR Systems announced that Veoneer selected its Boson-based thermal sensing technology for Veoneer's level-four autonomous vehicle production contract with a top global automaker, planned for 2021.

Sources17 sources

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