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Musat & Asociatii Advises Magna on Acquisition of Veoneer's Active Safety Business from SSW Partners

Musat & Asociatii Advises Magna on Acquisition of Veoneer's Active Safety Business from SSW Partners

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Musat & Asociatii has advised Magna International Inc. on its acquisition of Veoneer's active safety business from private equity firm SSW Partners. 

Magna is an automotive industry supplier and a mobility technology company with over 171,000 employees and more than 65 years of expertise.

According to Musat & Asociatii, “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.”

The Musat & Asociatii team included Partner Monia Dobrescu, Managing Associates Madalina Trifan, Dragos Lungu, and Oana Lupu, Senior Associate Cristian Cepesi, and Associate Evelina Stoian.

Musat & Asociatii was unable to provide additional information on the deal.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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