Swedish automotive supplier Veoneer is being prepared for sale by SSW Partners, people with knowledge of the matter told Bloomberg.
The closely held investment firm founded by three big-name financial executives is working with advisers on the sales process, which is likely to begin in the coming months, said the people, who asked not to be identified because they weren’t authorized to speak publicly.
SSW could sell the entire business to one buyer or consider divesting the two pieces separately, the people said.
The assets include the active safety unit, which supplies radars, cameras and lidar, and the restraint-control systems unit, including electronics for airbags and seat belts. The timing and structure of any deal could change, they said.
