Item 2.01 Completion of Acquisition or Disposition of Assets.

On February 3, 2020, Veoneer, Inc. (the "Company" or "Veoneer") issued a press release announcing its wholly-owned subsidiary Veoneer AB completed the sale of its 51% ownership in each of Veoneer Nissin Brake Systems Japan Co., Ltd. ("VNBJ") and Veoneer Nissin Brake Systems (Zhongshan) Co., Ltd. ("VNBZ," and together with VNBJ, the "Target Companies"), which together comprised the Company's Veoneer Nissin Brake Systems ("VNBS") joint venture with Nissin Kogyo Co., Ltd. ("Nissin"). The Company announced its entry into the share purchase agreements with Nissin and Honda Motor Co., Ltd. ("Honda") related to the sale of each of VNBJ and VNBZ on October 30, 2019.

The aggregate purchase price for both transactions was approximately $176 million. In connection with the completion of these transactions, Veoneer was repaid an outstanding loan of approximately $20 million, and in January 2020, Veoneer received a special dividend from VNBZ of approximately $5 million, for a total cash impact of approximately $200 million. Veoneer anticipates that it will receive net cash proceeds of approximately $170 million from these transactions.

VNBS was formed on March 7, 2016 pursuant to a joint venture agreement, as amended (the "JV Agreement"), among Veoneer AB and Veoneer US, Inc., Nissin, Nissin Kogyo Holdings USA, Inc. and Zhongshan Nissin Industry Co., Ltd. On June 28, 2019, Veoneer acquired Nissin Kogyo's interests in the US operations of VNBS. Upon the closing of the transactions, the Amendment and Termination of the Joint Venture Agreement, entered into the parties on October 30, 2019, became effective. The Amendment provides for the termination of the JV Agreement with respect to the Veoneer entities party to the JV Agreement.

A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 2.02 Results of Operations and Financial Condition.



On February 5, 2020, the Company issued a press release announcing its financial
results for the fourth quarter of 2019. A copy of the press release is furnished
as Exhibit 99.2 to this report and is incorporated herein by reference. This
press release contains certain references to financial measures identified as
"organic sales," "changes in organic sales growth," "net working capital,"
"EBITDA," "Segment EBITDA," and "cash flow before financing activities," all of
which are adjustments from comparable measures calculated and presented in
accordance with U.S. generally accepted accounting principles (GAAP). These
financial measures, as used herein, differ from financial measures reported
under GAAP, and management believes that these financial presentations provide
useful supplemental information, which is important to a proper understanding by
investors of the Company's core business results. These presentations should not
be viewed as substitutes, but rather as additions, to financial reporting
measures prepared in accordance with GAAP. Additionally, these measures, as
defined, may not be comparable to similarly titled measures used by other
companies. For an explanation of the reasons why management uses these figures,
see the Company's Annual Report on Form 10-K for the fiscal year ended December
31, 2018, filed with the SEC on February 22, 2019, and the Company's Quarterly
Report on Form 10-Q filed with the SEC on October 23, 2019.
Item 7.01 Regulation FD Disclosure.
On February 5, 2020, the Company issued a press release announcing its financial
results for the fourth quarter of 2019. A copy of the press release is furnished
as Exhibit 99.2 to this report and is incorporated herein by reference.
The information in Items 2.02 and 7.01 of this Form 8-K and the exhibit attached
hereto as Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
99.1                 Press Release of Veoneer, Inc. dated February 3, 2020 (Completion of
                     Divestiture).
99.2                 Press Release of Veoneer, Inc. dated February 5, 2020 (Earnings Release).
104                  Cover Page Interactive Data File (embedded within the Inline XBRL document).

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