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
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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
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
KKR buys Japanese drugmaker Bushu Pharmaceuticals from BPEA EQT
US private equity heavyweight KKR has acquired all shares in Japan-based drug contract manufacturer Bushu Pharmaceuticals from pan-Asian private equity firm Baring Private Equity Asia, which is owned by EQT AB. While the financial specifics of the deal were not disclosed by the company, the transaction price was reported to stand at upwards of 100… Continue reading KKR buys Japanese drugmaker Bushu Pharmaceuticals from BPEA EQT
What Does Magna International Inc.’s (TSE:MG) Share Price Indicate?
Let’s talk about the popular Magna International Inc. (TSE:MG). The company’s shares saw a significant share price rise of over 20% in the past couple of months on the TSX. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if… Continue reading What Does Magna International Inc.’s (TSE:MG) Share Price Indicate?
Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization
The accelerator program, which specializes in advancing startup-corporate partnerships with BASF and Magna, welcomes five startups working on emissions-reducing innovations for automotive manufacturing. SOMERVILLE, Mass. and HOUSTON, Dec. 8, 2022 /PRNewswire/ — Greentown Labs, BASF, and Magna today announce five startup participants for Greentown Go Move 2022, a Greentown Go program designed to accelerate startup-corporate partnerships to decarbonize automotive… Continue reading Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization
Automotive Semiconductor Market worth $70.0 billion by 2027 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 16, 2022 /PRNewswire/ — The automotive semiconductor market is projected to grow from USD 42.9 billion in 2022 to USD 70.0 billion by 2027; it is expected to grow at a CAGR of 10.1% during the forecast period according to a new report by MarketsandMarkets™. A number of factors, including increased demand for… Continue reading Automotive Semiconductor Market worth $70.0 billion by 2027 – Exclusive Report by MarketsandMarkets™
Electric Trucks Market is set to grow by 562.44 thousand units from 2022 to 2027, Witnessing the Emergence of AB Volvo and BOLLINGER MOTORS LLC as Key Market Contributors – Technavio – Yahoo Finance
NEW YORK, Dec. 15, 2022 /PRNewswire/ — The electric trucks market size is forecast to increase by USD 562.44 th units from 2022 to 2027, at a CAGR of 28.82%, according to the recent market study by Technavio. The growth of the market will be driven by the growing demand for fuel-efficient and low-emission vehicles, stringent rules… Continue reading Electric Trucks Market is set to grow by 562.44 thousand units from 2022 to 2027, Witnessing the Emergence of AB Volvo and BOLLINGER MOTORS LLC as Key Market Contributors – Technavio – Yahoo Finance