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Press Release

Magna to Acquire Veoneer Active Safety Business

  • December 20, 2022
  • 2-min read
  • 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
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