Magna to buy Veoneer Active Safety for $1.53 billion in bid to boost ADAS business
Auto December 20, 2022, 0 Comment 10The deal, expected to close by mid-2023, gives Magna access to Veoneer’s suite of camera and radar systems, as well as its driver monitoring technology and domain controllers. Magna will gain about 2,200 engineers, most of which work in key systems, software and sensor development areas.
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