American Industrial Partners completed the acquisition of the restraint control systems business from SSW-backed Veoneer.

American Industrial Partners, a private equity firm, completed the acquisition of the restraint control systems business from SSW-backed Veoneer, a provider of automotive technology. Financial terms were not disclosed. "We are pleased to announce this transaction with AIP, who bring a differentiated operating skillset alongside long-term capital that present a compelling platform for Veoneer's future growth, We are grateful for our loyal customers, supplier partners, and our dedicated employees, whose relentless pursuit of quality and innovation has created a leading platform of life-saving technology," Jacob Svanberg, Veoneer CEO.