General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software Focuses on matching automotive software buyers and sellers, over captive software development The digital platform increases transparency and reduces inefficiencies in software development and procurement Ampere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a “Launch Partner” group… Continue reading General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ — Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023. Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly… Continue reading American Industrial Partners Capital Fund VII completes acquisition of Veoneer

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

SDVerse SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software Focuses on matching automotive software buyers and sellers, over captive software development The digital platform increases transparency and reduces inefficiencies in software development and procurement Ampere*,… Continue reading General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ — Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023. Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly… Continue reading American Industrial Partners Capital Fund VII completes acquisition of Veoneer

Valmet Automotive’s Annual Review 2023: Strategic transformation continued through new products and plants

Gross sales* of EUR 2.2 billion, net sales of EUR 531 million and operating profit 3.7% of net sales During the financial year, Valmet Automotive’s gross sales amounted to EUR 2,221.4 (2,841.9) million, a decrease of 21.8% compared to the year earlier. The net sales were EUR 531.2 (603.5) million, which was 12.0% lower than… Continue reading Valmet Automotive’s Annual Review 2023: Strategic transformation continued through new products and plants

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ — Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023. Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly… Continue reading American Industrial Partners Capital Fund VII completes acquisition of Veoneer

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software Focuses on matching automotive software buyers and sellers, over captive software development The digital platform increases transparency and reduces inefficiencies in software development and procurement Ampere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a “Launch Partner” group… Continue reading General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ — Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023. Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly… Continue reading American Industrial Partners Capital Fund VII completes acquisition of Veoneer

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

SOUTHFIELD, Mich., March 1, 2024 /PRNewswire/ — Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023. Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly… Continue reading American Industrial Partners Capital Fund VII completes acquisition of Veoneer

Williams Lea announces appointment of Michael Pecnik as Chief Product Officer

NEW YORK, March 5, 2024 /PRNewswire/ — Global tech-enabled business support services firm Williams Lea announces the appointment of Michael Pecnik as Chief Product Officer (CPO). Pecnik will oversee product strategy for the company’s services and solutions, including its proprietary ENGAGE suite of products and LogoCloud™, an AI-enabled SaaS platform. Pecnik comes to Williams Lea… Continue reading Williams Lea announces appointment of Michael Pecnik as Chief Product Officer