Magna Buys ADAS Supplier Veoneer For $3.8 Billion

Veoneer creates semi-autonomous driving features like hands-free & crash avoidance technology.

By Sahil Gupta | Updated: 26-Jul-21 12:31 PM IST

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Highlights

Veoneer has been one of the leading ADAS suppliers in the world
Magna has been building elements for electrification and self driving
The transaction will close at the end of the year