Magna International MGA inked a deal to acquire Veoneer Active Safety business from SSW Partners in a bid to fortify its Advanced Driver Assistance Systems (ADAS) business. This all-cash deal is valued at more than $1.5 billion. Subject to regulatory approvals and satisfactory conditions, the transaction is scheduled to be closed by mid-2023. The acquisition is… Continue reading Magna (MGA) to Rev Up ADAS Business With $1.5B Buyout Deal
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@niche: New CEO appointed to lead INEOS Automotive002404
Experienced INEOS Group executive, Lynn Calder, is the new CEO of INEOS Automotive Lynn leads strengthened senior team for the next phase of the company’s journey Hans-Peter Pessler appointed COO of INEOS Automotive INEOS Automotive has appointed Lynn Calder as CEO of INEOS Automotive. Lynn takes up her new role with immediate effect after six… Continue reading @niche: New CEO appointed to lead INEOS Automotive002404
Magna develops morphing surfaces tech, opens new frontiers in automotive design
Building on its expertise in producing millions of active aerodynamic systems for automakers, Magna International has introduced Morphing Surfaces, the next generation vehicle exterior solution that further increases efficiency while enhancing design. Enabling advanced aero and cooling performance, the technology can seamlessly integrate shape-changing body components into advanced vehicle exteriors. According to Magna, “Morphing Surfaces technology… Continue reading Magna develops morphing surfaces tech, opens new frontiers in automotive design
Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Technology extends beyond what is currently possible with traditional active aerodynamic systems Seamlessly combines shape changing components with aerodynamic elements enhancing design and function Advanced solution utilizing thermoplastic materials contributes to increased battery range and efficiency AURORA, Ontario, Dec. 21, 2022 (GLOBE NEWSWIRE) — Building on its expertise in producing millions of active aerodynamic systems… Continue reading Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Magna International Inc. MAGNA MORPHING SURFACES TECHNOLOGY OFFERS NEW POSSIBILITIES IN AUTOMOTIVE DESIGN Magna Morphing Surfaces technology seamlessly integrates active aerodynamic components into vehicle body. Technology extends beyond what is currently possible with traditional active aerodynamic systems Seamlessly combines shape changing components with aerodynamic elements enhancing design and function Advanced solution utilizing thermoplastic materials contributes… Continue reading Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Technology extends beyond what is currently possible with traditional active aerodynamic systems Seamlessly combines shape changing components with aerodynamic elements enhancing design and function Advanced solution utilizing thermoplastic materials contributes to increased battery range and efficiency AURORA, Ontario, Dec. 21, 2022 (GLOBE NEWSWIRE) — Building on its expertise in producing millions of active aerodynamic systems… Continue reading Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Magna to acquire Veoneer’s Active Safety Business
STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business
Magna to acquire Veoneer’s Active Safety Business
STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business
Magna to Acquire Veoneer Active Safety Business
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 AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE)… Continue reading Magna to Acquire Veoneer Active Safety Business
Magna to acquire Veoneer’s Active Safety Business
STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business