Veoneer announced 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.
The transaction with AIP Fund VII completes Veoneer’s and SSW’s strategy of finding the right long-term homes for Veoneer’s three original lines of business: Arriver Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, now owned by AIP Fund VII.
