Tag: Magna

Magna to acquire Veoneer

Magna International Inc. and Veoneer, Inc. have announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a provider of automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $ 31.25 per share in cash, representing a total…

Magna appoints Seetarama Kotagiri as new Chief Executive Officer

Magna announced that its Board of Directors has appointed Seetarama (Swamy) Kotagiri as Chief Executive Officer, effective January 1, 2021. Kotagiri will succeed Don Walker, who served as CEO between 1994 and 2001, and since 2005, will retire at the end of 2020.  In his 33-year career at Magna, Walker served in various leadership roles…