Veoneer Inc - Company Profile
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Veoneer Inc (Veoneer), a subsidiary of SSW Partners LP, is a global leader in the development and production of Automotive Electronic Safety Systems. The company's primary focus is on creating systems that enhance vehicle safety and protect occupants. Veoneer's major products include sensors, control units, and Restraint Control Systems (RCS) that trigger passive safety systems in vehicles during a crash. The company's products are used by vehicle manufacturers worldwide, contributing to the safety features of their vehicles. The company operates in the US, France, Germany, Canada, China, India, South Korea, Japan, Romania and Sweden. Veoneer is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Klarabergsviadukten 70, Section C6, Stockholm, 11164
Website
www.veoneer.com
Telephone
46 8 58720600
No of Employees
2,700
Industry
Automotive
Revenue (2023)
$916.0M
Veoneer Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Active Safety Systems | Autotech Services |
| Vision Systems | Highly Automated Driving Solutions |
| Brake Systems | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In January, the company acquired a stake in Baraja. |
| 2022 | Contracts/Agreements | In December, the company entered into an agreement to sell its Veoneer Active Safety business to Magna International Inc. |
| 2022 | Contracts/Agreements | In October, the company entered into an agreement with Baraja to accelerate the scale required for automotive integration. |
Competitor Comparison
| Key Parameters | Veoneer Inc | Intel Corp | Denso Corp | ZF Friedrichshafen AG | Hyundai Mobis Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Sweden | United States of America | Japan | Germany | South Korea |
| City | Stockholm | Santa Clara | Kariya-Shi | Friedrichshafen | Seoul |
| State/Province | - | California | Aichi | Baden-Wurttemberg | - |
| No. of Employees | 2,700 | 124,800 | 164,572 | 168,738 | 8,569 |
| Entity Type | Private | Public | Public | Private | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Nik Endrud | Chief Executive Officer | Senior Management | 2024 | - |
| Steven Jenkins | Executive Vice President - Product Area Active Safety Integration; Chief Technology Officer | Senior Management | 2018 | 46 |
| Christer Lundstrom | Executive Vice President - Operations and Quality | Senior Management | 2020 | 60 |
| Hakan Soderlund | Senior Vice President - Sourcing | Senior Management | 2018 | 59 |
| Scott Brawner | Senior Vice President - Customer Areas | Senior Management | 2018 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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