Qualcomm and SSW Partners completed the acquisition of Veoneer for $4.5bn.

Qualcomm, a designer and supplier of computer chips, and SSW Partners, a private equity firm, completed the acquisition of Veoneer, an American Swedish provider of automotive technology, for $4.5bn, underbidding Magna International's $3.8bn offer for Veoneer. "Qualcomm is the natural owner of Arriver. By integrating these assets, Qualcomm accelerates its ability to deliver a leading and horizontal ADAS solution as part of its digital chassis platform. We believe that this transaction and structure benefits both Qualcomm's and Veoneer's shareholders, positions all of Veoneer's businesses for success and provides a compelling opportunity to customers and employees," Cristiano Amon, Qualcomm President and CEO.