Update regarding Veoneer's long-term ownership

Dec 06 2023
Veoneer’s current owners, SSW Partners, and an investment fund managed by American Industrial Partners (“AIP”) today signed an agreement for the acquisition of Veoneer. AIP is a highly credentialed investment company, known for its focus on operational excellence through investments in market-leading industrial companies, many with a strong focus on the automotive sector.

 

AIP has two decades of experience successfully working in partnership with their ownership companies, creating long-term value for all stakeholders including customers, employees, and investors.

We are very pleased to have AIP as the future owner of Veoneer. Their long-term approach, model of partnering with the current leadership team and further developing the company’s strategy and operations will allow Veoneer to focus 100% on further developing and operating its’ core business.

Once the transaction closes, we are confident that our customers, suppliers, employees and ultimately consumers will benefit from an even stronger RCS-focused Veoneer, owned and governed by AIP. Under the new ownership, we expect strong continuity in leadership, strategy and focus on quality, operational excellence and R&D/innovation capabilities.

On the operational level, there are no short-term changes for you as a supplier. Veoneer will continue to operate as-is, you will continue to work with the same teams you have been collaborating with for many years, and we don’t expect any interruptions due to the ownership transition.

We look forward to continuing to work together with you also in this next phase of Veoneer’s development.