In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.<\/p>\n
Names of the companies and groups concerned: <\/strong><\/p>\n – The indirect acquirer:<\/strong> American Industrial Partners Capital Fund VII Global Corp Holding LP \u201cAIPCF VII Global Holding LP\u201d, an investment fund managed by American Industrial Partners;<\/p>\n – The direct acquirer:<\/strong> AV Bidco, Inc;<\/p>\n – The targets:<\/strong><\/p>\n Nature of the operation <\/strong><\/p>\n – Acquisition of exclusive control.<\/p>\n Economic sectors concerned <\/strong><\/p>\n Deadline for interested third parties to submit their observations <\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n <\/strong>The Competition Council has received a notification according to which AV Bidco Inc, a newly established company under Delaware law and owned by an investment fund managed by American Industrial Partners (\u201cAIP\u201d), intends to acquire 100% of the capital of Veoneer US Safety Systems HoldCo, LLC and Veoneer Safety Systems HoldCo AB, from Veoneer HoldCo, LLC.<\/p>\n American Industrial Partners \u201cAIP\u201d is a private equity firm based in New York, United States, engaged in acquiring and improving industrial businesses operating in the United States, Canada, and other developed markets;<\/p>\n Veoneer US Safety Systems HoldCo, LLC and Veoneer Safety Systems HoldCo AB, respectively two limited liability companies under Delaware and Swedish law, active in the manufacturing and sale of automotive electronic safety systems, particularly in restraint control systems (RCS), used in commercial passenger vehicles.<\/p>\n Done in Rabat on January 4, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented. Names of the companies and groups concerned: – The indirect acquirer: American Industrial Partners Capital Fund VII Global Corp Holding LP \u201cAIPCF VII Global Holding LP\u201d, an investment fund managed by American Industrial Partners; – The direct acquirer: AV Bidco, Inc; – The targets: Veoneer US Safety Systems HoldCo, LLC; Veoneer Safety Systems HoldCo AB. Nature of the operation – Acquisition of exclusive control. Economic sectors concerned Market for the supply of automotive electronic safety systems \u201cRestraint Control Systems (RCS)\u201d. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. January 15, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received a notification according to which AV Bidco Inc, a newly established company under Delaware law and owned by an investment fund managed by American Industrial Partners (\u201cAIP\u201d), intends to acquire 100% of the capital of Veoneer US Safety Systems HoldCo, LLC and Veoneer Safety Systems HoldCo AB, from Veoneer HoldCo, LLC. American Industrial Partners \u201cAIP\u201d is a private equity firm based in New York, United States, engaged in acquiring and improving industrial businesses operating in the United States, Canada, and other developed markets; Veoneer US Safety Systems HoldCo, LLC and Veoneer Safety Systems HoldCo AB, respectively two limited liability companies under Delaware and Swedish law, active in the manufacturing and sale of automotive electronic safety systems, particularly in restraint control systems (RCS), used in commercial passenger vehicles. Done in Rabat on January 4, 2024<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-41704","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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