Musat & Asociatii advised Magna International Inc. on the Romanian legal aspects of the completion of its acquisition of Veoneer’s Active Safety Business from SSW Partners. The combined business is projected to generate more than $3 billion in sales in 2024.
With the completion of this acquisition, Magna further strengthens its active safety business, and it positions Magna as one of a few suppliers equipped to tackle the increasing complexity coming from advanced software, system and integration challenges by delivering a complete set of offerings to customers. The combined business builds a more comprehensive active safety portfolio across all relevant sensors, central computer systems and software solutions for Magna in one of the fastest growing market segments in automotive.
Magna is more than one of the world’s largest suppliers in the automotive space. Magna is a mobility technology company with a global, entrepreneurial-minded team of over 171,000 employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, Magna is positioned to support advancing mobility in a transforming industry. Magna’s global network includes 341 manufacturing operations and 88 product development, engineering and sales centers spanning 29 countries.
Musat & Asociatii team was led by Monia Dobrescu (Partner) and formed of a number of highly skilled associates, among which: Madalina Trifan (Managing Associate), Dragos Lungu (Managing Associate), Oana Lupu (Managing Associate), Cristian Cepesi (Senior Associate) and Evelina Stoian (Associate).