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Press Release
Magna to Acquire Veoneer Active Safety Business
- December 20, 2022
- 2-min read
- Transaction aligned with Magna's Go-Forward strategy of accelerating investments in high-growth areas
- Combined pro forma ADAS sales projected to be approximately $3 billion in 2024
- Broadens Magna's ADAS portfolio with complementary products, customers, geographies, engineering and software resources
- No significant change in leverage profile and continued ample financial flexibility