Autoliv Inc.
Company Profile
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Business Overview
-The Company is leading automotive supplier which develops and manufactures safety systems for the automotive industry, focusing specifically on passive safety systems. Its products include airbag systems, seatbelts, steering wheels, inflators and pedestrian protection systems and child seats.
-The Company was created from a merger in 1997 between the Swedish company Autoliv AB and the American company Morton ASP.
-As of December 31, 2019, the Company leads the global automotive safety market for passive safety systems with a market share of approximately 41%. The Company has a global market share of approximately 40% in seatbelts, airbags, and steering wheels.
Spin-off of electronics segment
-The Company began preparations for a spin-off of its electronics business segment in December 2017. The process concluded in July 2018 with the spin-off of Veoneer, Inc. Veoneer focuses on the development of electronics, sensors and software for active safety systems, ADAS, autonomous driving systems and advanced brake control solutions.
-With the spin-off of its electronics business segment, the Company consists of a single reportable operating segment, Passive Safety.
Competitors
-Ashimori Industry
-Hyundai Mobis
-iSi Automotive
-Jinheng
-Joyson Safety Systems
-Nihon Plast
-Tokai Rika
-Toyoda Gosei
-Yanfeng KSS
-ZF
Shareholders
-The Company is listed on the New York Stock Exchange and Stockholm Stock Exchange.
-On July 2, 2018, the Company completed the spin-off of its electronics segment, Veoneer, Inc. Upon the completion of the spin-off, Veoneer began trading on both the New York Stock Exchange and Stockholm Stock Exchange.
| (As of Dec. 31, 2018) |
| Major Shareholders | Number of Shares | Shareholding (%) |
| Cevian Capital AB | 8,376,924 | 9.6 |
| Alecta Pension Insurance Mutual | 8,206,200 | 9.4 |
| Swedbank Robur Fonder AB | 4,030,965 | 4.6 |
| AMF Pensionforsakring AB | 3,250,000 | 3.7 |
| Nordea Investment Management AB | 3,068,703 | 3.5 |
| Outstanding shares | 87,144,520 | 100.0 |
Products
Airbag systems
-Driver airbags
-Passenger airbags
-Knee airbags
-Anti-sliding airbags
-Side-curtain airbags
-Side airbags
-Rear passenger airbags
-Front center airbags
-Thorax bags
-Head-thorax bags
-Door mounted inflatable curtains
-Pelvis and thorax bags
-Far-side airbags
-Bag-in-belt airbags
Child restraints
-Integrated child booster cushions
Inflators
-Pyrotechnic airbag inflators
-Stored gas airbag inflators
-Electrical initiators
-Micro gas generators
-Hybrid inflators
Steering wheels
-Fixed-hub steering wheels with optimized airbags
-Steering wheels with electrical motor for vibration
-Steering wheels with heated rim
-Steering wheels with leather or wood trim
Seatbelt systems
-Belt grabbers
-Belts-in-seat
-Buckles
-Height adjusters
-Load limiters
-Mechanical pretensioners
-Electronic pretensioners
-Retractors
-Smart belts
-Trunk belts
-Supplemental belts
Pedestrian protection
-Pyrotechnic active hood-lifters
-PPA: Pedestrian Protection Airbag
AWS: Anti-whiplash systems
Additional safety features
-Battery disconnect safety switches
-Pyro safety switches
-Automatic bolt release systems
-Integrated child booster seats
Textiles
History
| 1956 | Autoliv AB started its seat belt operations. |
| Oct. 1996 | The Company, Autoliv Inc. was started as a merger of Europe's leading automotive safety company, Autoliv AV of Sweden, and Morton ASP (Automotive Safety Products), the leading airbag manufacturer in North America and Asia. |
| 1997 | Acquired one of its main suppliers, Marling Industries Plc and its subsidiary Van Oerle Alberton, the world leading producer of seat belt webbing. |
| 1998 | Acquired Nokia's 50% interest in Autoliv-Nokia and Nokia's automotive related business. |
| Acquired Sagem's 50% interest in Sagem-Autoliv, the other joint venture for electronics. | |
| Acquired most of the assets of Sensor Technologies, a Japanese airbag and airbag sensor manufacturer. | |
| Production of steering wheels began in the United States. | |
| Oct. 1999 | Purchased a 49.5% interest in the Estonian company Norma AS, the dominant seat belt supplier to the Russian car industry, and received an option to increase its Norma holding to 51%. |
| 1999 | New plants were completed in Argentina, Canada, Poland, Turkey and Tunisia. |
| Construction of a new technical center was completed in Japan. | |
| Jan. 2000 | Acquired from Izumi 99% of Japan's second largest steering wheel business. |
| Apr. 2000 | Acquired the North American seat belt operations of NSK with a 40% interest in NSK's Asian seat belt operations. |
| May. 2000 | Acquired OEA, the Company's main supplier of initiators for airbag inflators. |
| Oct. 2000 | Announced that it has completed the sale of its U.S. leadwire business to Tyco Electronics Corporation, a unit of Tyco International Ltd. |
| Nov. 2000 | Established a new venture, Autoliv Mando Corporation, with Mando Corporation, a leading Korean auto parts supplier. The Company holds 65% of the shares. |
| April 2002 | Has acquired the Restraint Electronics Business of Visteon Corporation, a leading full-service supplier to the automotive manufacturers. |
| Sep. 2002 | A new company will be formed as a joint venture between the Company (59%) and Maw Hung Industrial Corporation (41%) in the city of Changchun, China. |
| Apr. 2003 | Has acquired the remaining 17% of the shares in Livbag, Europe's leading producer of inflators and initiators for airbag systems. |
| Jun 2004 | Formed a new joint venture company with Maw Hung Industrial Corp. |
| Dec 2004 | Completed an agreement to purchase the outstanding 40% stake in its Chinese airbag company, Autoliv (Shanghai) Vehicle Safety Systems. |
| Jul.2006 | Acquired another 20% of the shares in Nanjing Honggouang-Autoliv Safety Systems Co., Ltd. (NHA) |
| Jan. 2007 | Agreed to buy the remaining 35% of the shares in Autoliv-Mando in South Korea. |
| Oct. 2007 | Agreed to buy 41% of the shares in its 59% held Chinese company Autoliv (Changchun) Maw Hung Vehicle Safety Systems. |
| Oct. 2007 | Agreed to buy the remaining 50.01% of the shares in its Indian joint venture Autoliv IFB Private Limited. |
| Jul. 2008 | Agreed to acquire the automotive radar sensors business of Tyco Electronics Ltd. for 42 million USD. |
| Nov.2009 | Announced to acquire North American passive safety systems assets from Delphi. |
| Dec.2009 | Announced to acquire assets of Delphi's European airbag and steering wheel operations. |
| Jan.2010 | Agreed to buy the outstanding 40% of shares in its Japanese joint venture Autoliv Nichiyu Co., Ltd. |
| Jan.2010 | Announced to acquire Delphi's Occupant Protection Systems (OPS) operations in Korea and China. Existing customers include Hyundai-Kia, Chery and Tata |
| Mar.2010 | Announced that it has acquired Visteon's radar system business. |
| Apr. 2010 | Acquired Delphi's Pyrotechnic Safety Switch (PSS) assets in Europe. |
| 2011 | Acquired license related to long-range radar from AXTYS. |
| 2011 | Acquired license related to Vehicle vision system from Hella. |
| Nov. 2011 | Announced to acquire the airbag cushion cut & sewn assets from Milliken, a U.S.-based textile and chemical company. |
| Jun. 2012 | Sold its subsidiary "Autoliv Mekan AB" to "Verktygs Allians i Hassleholm AB", a Sweden-based privately held company. |
| Aug. 2015 | Acquired the Automotive Solutions business of M/A-COM Technology Solutions Holdings, Inc. |
| Apr. 2016 | Finalized joint venture with Nissin Kogyo to form Autoliv-Nissin Brake Systems, a brake control systems manufacturer. |
| Sep. 2016 | Signed final agreement with Volvo Cars to form Zenuity, a joint venture designed to develop ADAS and autonomous driving systems. |
| Apr. 2017 | Began operations at Zenuity, a 50/50 joint venture between the Company and Volvo which develops software solutions for ADAS and autonomous driving systems. |
| Jul. 2018 | Completed spin-off of electronics segment as Veoneer, Inc. |
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
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>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
>>>Business report FY ended Dec. 31, 2018
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss