On April 1, 2022, Veoneer announced that SSW Partners successfully completed the acquisition of Veoneer, Inc. Effective April 1, Jacob Svanberg has been appointed Veoneer’ s new CEO. 

Pursuant of the acquisition, Veoneer has changed the US legal entity name from Veoneer US, Inc. to Veoneer US, LLC. The name change came into effect on April 1, 2022 and shall not impact our ongoing cooperation and agreed terms will continue in full force and effect under Veoneer US, LCC,  as for our other Veoneer legal entities. 

SSW Partners will work closely with Veoneer’ s management to ensure the pursuit of Veoneer’ s business plan and to lead the process in identifying strong, long-term strategic owners for Veoneer’ s Restraint Control Systems and Active Safety businesses. In the interim, Veoneer remains well capitalized to continue executing its strategy and staying focused on delivering best-in-class innovation, products, and services to its customers. This year, our products are part of more than 125 scheduled vehicle launches.

On April 4, Qualcomm completed the acquisition of the Arriver software business from SSW Partners. Veoneer and Qualcomm have signed a new strategic collaboration agreement that ensures the continuation of service and support for our customers on-going projects and programs and details a strong future collaboration on roadmap alignment and technology cooperation in the development for Advanced Driver Assistance Systems. Veoneer and Qualcomm will further engage in joint go-to-market activities including on-the-road demonstrations of combined Qualcomm/Arriver- Veoneer advanced ADAS solutions for L2+ and beyond.

It is important to note that under the new ownership, we expect to operate with no planned changes other than those announced.

For our customers, partners and affiliates this means business as usual, uninterrupted service, including full access to Veoneer’ s broad product portfolio and system integration knowledge.

If you have any questions regarding Veoneer’ s way forward and the continued relationship between our companies (not covered by the press releases), don’t hesitate to contact your lead buyer.