Veoneer completes divestiture of US brake control business

STOCKHOLM, Aug. 11, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has completed the divestiture of its US brake control business to ZF Friedrichshafen AG. The parties will collaborate on a transition plan for a limited period as part of the divestiture process.
On April 23, Veoneer announced the signing of an initial agreement to divest the US brake control business. As communicated earlier, with the divestiture Veoneer expects to achieve re…

Click here to view the original article.