Veoneer Inc

Veoneer is the world’s largest pure-play company focused on Safety Electronics, Advanced Driving Assistance Systems (ADAS), Collaborative and Automated Driving (AD). They design, compile and sell state-of-the-art software, hardware and systems for active safety, autonomous driving, occupant protection and brake control. They are around 8,600 people working as a team with cutting-edge technologies — like vision systems, radar, lidar, night vision, electronic controls, and human-machine interface.

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Magna International

Magna International Inc. MGA, -0.07% MG, -0.42% said Tuesday it agreed to pay $1.525 billion in cash for the Veoneer Active Safety business from seller SSW Partners. Magna International plans to combine Veoneer Active Safety with its advanced driver assistance systems (ADAS) unit to create a business with expected sales of $3 billion in 2024.

Magna International buying Veoneer Active Safety business for $1.525 bln

Magna is buying a smaller part of the Veoneer portfolio, after losing a bidding war for the whole company with Qualcomm last year.

Magna International to Buy Veoneer Active Safety for $1.5 Billion

Bayerische Motoren Werke AG

STOCKHOLM , May 18, 2022 /PRNewswire/ -- The automotive technology company Veoneer has signed an agreement to equip BMW Group vehicles with camera heads for their next generation vision system for Automated Driving. The camera heads support the cooperation between BMW Group, Qualcomm Technologies, and Arriver ™  which was announced in March this year.

Veoneer to supply Cameras to BMW Group's Next Generation Vision System for Automated Driving

Announces Completion of Sale of Arriver            Signs Strategic Collaboration Agreement with Qualcomm Technologies            SSW Partners to Launch Process to Find Long-term Strategic Buyers STOCKHOLM and NEW YORK , April 4, 2022 /PRNewswire/ -- Veoneer, Inc., the automotive technology company, today issued the following statement after the closing of SSW Partners acquisition of Veoneer on April 1, 2022, and the subsequent sale of Veoneer's software unit Arriver to Qualcomm Technologies on April 4, 2022: Following the sale of Arriver to Qualcomm Technologies, Inc., Veoneer remains sharply focused on delivering innovative, best-in-class products and solutions to our customers – with our products being part of more than 125 scheduled vehicle launches for this year. As a world leader in active safety and restraint control systems, Veoneer is well-positioned to capitalize on the automotive industry's shift to automation and electrification.

Veoneer Provides Market Update

QUALCOMM

SSW Partners have acquired all shares in Veoneer for $37.00 per share in cash Qualcomm expects to close acquisition of Arriver business from SSW Partners on April 4, 2022 STOCKHOLM , April 1, 2022 /PRNewswire/ -- Veoneer today announced that SSW Partners, a New York-based investment partnership, has completed the previously announced acquisition of Veoneer, Inc. for $37.00 per share in an all-cash transaction, representing a total equity value of ~$4.6 billion. SSW Partners expects to sell Veoneer's Arriver business to Qualcomm Incorporated (NASDAQ: QCOM) and retain Veoneer's Tier-1 supplier and integrator businesses.

SSW Partners Completes Acquisition of Veoneer

General Motors

STOCKHOLM , March 25, 2022 /PRNewswire/ -- General Motors recognized Veoneer as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, last week.

General Motors Names Veoneer a 2021 Supplier of the Year

Apple and Linde also among the Club holdings we have our eyes on this afternoon.

Investing Club: What we're watching Thursday afternoon — including why we like Qualcomm's deal with Veoneer

Swedish automotive technology group Veoneer said on Thursday that the deal that will see it bought by Qualcomm Inc and SSW Partners would close on April 1.

Veoneer says Qualcomm deal to close next week

STOCKHOLM, March 24, 2022 /PRNewswire/ -- Today, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), announced that, in connection with the previously announced merger agreement among Veoneer, SSW Holdco LP, SSW Merger Sub Corp, and QUALCOMM Incorporated (NASDAQ: QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022, subject to the continued condition that no governmental law or order has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting the consummation of the merger on such date. Upon the closing of the merger, VeoSneer's new owners, SSW, plan to appoint Jacob Svanberg, currently Senior Vice President Lidar Product Area and Corporate Development, as Veoneer's new CEO.

Veoneer announces planned date for closing of merger and future CEO

STOCKHOLM, Feb. 18, 2022 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has filed its 2021 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2021 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer's web site veoneer.com.

Veoneer publishes 2021 Annual and Sustainability Reports

Veoneer, Inc. (VNE) delivered earnings and revenue surprises of -2.67% and 0.88%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Veoneer, Inc. (VNE) Reports Q4 Loss, Misses Revenue Estimates

STOCKHOLM, Feb. 2, 2022 /PRNewswire/ -- Financial Summary - Q4'21 Net Sales $449 million, Organic Sales1  decline -1% Active Safety Net Sales increase 18%, Organic Sales increase 18% Operating cash flow $8 million, $85  million improvement YoY Cash balance $424 million Veoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call. Business Highlights Organic Sales out-performed the global LVP by ~12pp for Q4 '21 and ~16pp for the full year 2021 (IHS Markit, Jan 2022) On October 4, 2021 Veoneer reached a definitive agreement for  SSW Partners and  QUALCOMM Incorporated Inc. to acquire Veoneer Market Adjustment Initiatives (MAI) program continued to generate underlying cost structure and balance sheet improvements Order book at the end of 2021 was ~$14 billion, Order intake for 2021 was ~$455 million of average annual sales with lifetime sales of ~$2.1 billion where Active Safety was ~60% Important milestone for Arriver, will deliver vision perception software to BMW as part of on-going Qualcomm collaboration Veoneer set ambitious carbon emission targets for a more sustainable future: Carbon neutral in own operations by 2030, Carbon neutral products by 2039, Carbon neutral company by 2040 The negative sales impact from semiconductor related shortages is estimated to have been around $55 million for the quarter Veoneer-SSW/Qualcomm Merger update Veoneer stockholders approved the merger agreement in December and by the end of January the deal had received the required regulatory approvals in the United States, Germany, France and Italy.

Financial Report October - December 2021: Veoneer

Patterson-UTI Energy

Select Energy Services

Invest in Veoneer (VNE), PattersonUTI Energy (PTEN) & Select Energy Services (WTTR) now since they possess superb earnings acceleration.

3 Best Stocks to Buy for Solid Earnings Acceleration

Veoneer, Inc. (VNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Veoneer, Inc. (VNE) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

STOCKHOLM, Jan. 13, 2022 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), has published its 2022 Research Tech Talk, "Trust in Collaborative - and Self-Driving - What's Next?", where thought leaders discuss the power and potential of the expanding world of Augmented Driving and what it will take to continue evolving safe and convenient mobility.

Veoneer's Research Tech Talk "Trust in Collaborative - and Self-Driving - What's Next?" Published Virtually

STOCKHOLM, Dec. 16, 2021 /PRNewswire/ -- Today, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), held its virtual Special Meeting of Stockholders to consider two proposals with respect to the previously announced merger agreement, dated October 4, 2021, by Veoneer, SSW Holdco LP ("SSW"), SSW Merger Sub Corp, a direct, wholly owned subsidiary of SSW ("Merger Sub") and QUALCOMM Incorporated (NASDAQ: QCOM). The first proposal, to approve and adopt the merger agreement, was approved by affirmative vote of a majority of the outstanding shares of Veoneer common stock entitled to vote thereon.

Veoneer announces results of Special Meeting of Stockholders

STOCKHOLM, Nov. 22, 2021 /PRNewswire/ -- Arriver, the ADAS and AD software unit of Veoneer, announces today that, via its existing Master Collaboration Agreement with Qualcomm Technologies, Inc., will provide Vision Perception software as part of Qualcomm Technologies' announcement with BMW to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride™ Platform to BMW. Arriver's vision perception software will be running on the Snapdragon Ride™ Platform, a product of Qualcomm Technologies.

Arriver™ to Support Qualcomm's Technology Collaboration With BMW With Vision Perception Software for Automated Driving

STOCKHOLM, Nov. 18, 2021 /PRNewswire/ -- Besides its overall goal to support halving the number of global deaths and injuries from road traffic accidents, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), announces ambitious carbon emission targets for a more sustainable future. Veoneer's portfolio of technologies supports the Sustainable Development Goal #3 — halving the number of global deaths and injuries from road traffic accidents.

Veoneer sets ambitious climate targets for a sustainable future

Veoneer, Inc. (VNE) delivered earnings and revenue surprises of 5.62% and -6.46%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Veoneer, Inc. (VNE) Reports Q3 Loss, Misses Revenue Estimates

Veoneer (NYSE:VNE) reported its Q3 earnings results on Tuesday, October 26, 2021 at 06:25 AM. Here's what investors need to know about the announcement.

Veoneer: Q3 Earnings Insights

STOCKHOLM, Oct. 26, 2021 /PRNewswire/ -- Veoneer, Inc. (NYSE: VNE and SSE: VNE-SDB)     Financial Summary - Q3'21 Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP) Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoY Active Safety Net Sales increase 27%, Organic Sales increase 24% YoY Operating cash flow $(120) million Cash balance $420 million Veoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call.   Business Highlights Entered into a definitive merger agreement under which SSW and Qualcomm will acquire Veoneer, terminated merger agreement with Magna International Inc. Organic Sales growth outperformed the global LVP by ~23pp during Q3'21 Semiconductor supply chain shortages continue to create industry production, delivery and cost challenges Temporary inventory buildup negatively impacted cash flow, expect the effect to reverse in fourth quarter ADAS and AD software unit Arriver performed first public demonstration running on the Snapdragon Ride platform, at IAA, Munich with positive feedback and reviews Veoneer announced as key active safety contributor to Mercedes S-Class with 4th generation Vision and Perception software enabling Level 3 self-driving Order intake over the Last Twelve Months (LTM) was more than $500 million of average annual sales at the end of Q3'21   Key Figures Three Months Ended September 30 Nine Months Ended September 30 Dollars in millions, (except where specified) 2021 2020 Change 2021 2020 Change $ % $ % $ $ % $ % $ Net Sales $ 391 $ 371 $ 20 $ 1,208 $ 918 $ 290 Gross Profit / Margin $ 65 16.6 % $ 54 14.6 % $ 11 $ 183 15.1 % $ 110 12.0 % $ 73 RD&E, net / % of Sales $ (102) (26.1) % $ (124) (33.4) % $ 22 $ (326) (27.0) % $ (299) (32.6) % $ (27) Operating Loss / Margin $ (89) (22.7) % $ (103) (27.8) % $ 14 $ (285) (23.6) % $ (290) (31.6) % $ 5 Operating Cash Flow $ (120) $ 1 $ (121) $ (299) $ (115) $ (184) Comments from Jan Carlson, Chairman, President and CEO Veoneer showed strong operational performance during the third quarter.

Veoneer: Financial Report July - September 2021

STOCKHOLM, Oct. 25, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), today announced that Mary Louise Cummings submitted her resignation from the Veoneer board of directors (the "Board") and from her role as a member of the audit committee of the Board (the "Audit Committee"), effective November 1, 2021, in connection with accepting her nomination by the Joe Biden administration as Senior Advisor for Safety at the National Highway Traffic Safety Administration. "I would like to take this opportunity to express my gratitude and appreciation for the service and contributions made by Dr. Cummings," said Jan Carlson, Chairman, President and CEO of Veoneer.

Resignation of Mary Louise Cummings from the Board of Directors - Becomes Senior Advisor At NHTSA

Will Veoneer, Inc. (VNE) Report Negative Q3 Earnings? What You Should Know

STOCKHOLM, Oct. 15, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB),  has been recognized as a top-performing global supplier at the 23rd annual Ford World Excellence Awards. Veoneer was announced as a Create Must-Have Products winner today at Ford Motor Company's virtual event.

Ford Honors Veoneer at 23rd Annual World Excellence Awards

Cortland Bancorp

Vine Energy

NEW YORK, Oct. 12, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP305 Broadway, 7th Floor New York, NY 10007 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Cortland Bancorp Inc (NASDAQ: CLDB) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Cortland Bancorp Inc. (NASDAQ: CLDB) in connection with the proposed acquisition of the company by Farmers National Banc Corp. ("Farmers").

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