Industry Leader in Automotive Safety Veoneer is a world leader in Automotive Electronic Safety Systems, with a strong emphasis on restraint control systems that save lives. This focus on safety positions the company well to capitalize on the growing demand for advanced driver assistance systems (ADAS) and other safety technologies in the automotive industry.

Strategic Acquisition by Magna International Magna International's acquisition of Veoneer's Active Safety business for $1.525 billion is expected to create a combined business with significant sales projection. Sales professionals at Veoneer can leverage this acquisition to explore partnership opportunities with Magna International and tap into their expanded ADAS offerings.

Recognition by General Motors Being named a 2021 Supplier of the Year by General Motors highlights Veoneer's strong reputation in the automotive industry. Sales development representatives can use this recognition to establish credibility with other potential clients and showcase Veoneer's commitment to quality and innovation.

Upcoming Qualcomm Deal Closure The impending closure of Veoneer's acquisition by Qualcomm Inc presents a lucrative opportunity for business development initiatives. Sales teams can prepare to engage with Qualcomm and explore collaborative projects that leverage Veoneer's automotive technology expertise.

Market Expansion Through Vehicle Launches With Veoneer products slated to be part of 40 scheduled vehicle launches in 2024, the company's sales representatives have a prime opportunity to expand market reach. By actively engaging with these vehicle manufacturers, Veoneer can further establish its presence and secure new partnerships in the automotive sector.