Veoneer acquired Nissin Kogyo's interests in US VNBS operations.

Veoneer, the world’s largest pure-play company, acquired Nissin Kogyo's interests in US VNBS operations. Nissin Kogyo is Veoneer's joint venture partner in Veoneer Nissin Brake Systems. Financial terms were not disclosed. The VNBS operations in Japan and China will remain a part of the joint venture, with Veoneer owning 51% and Nissin Kogyo owning 49% of the joint venture.