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New Deal


Announced

Aurora to acquire Advanced Technologies Group from Uber.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

self-driving vehicle

Domestic

United States

Friendly

Auto Technology

Majority

Acquisition

Single Bidder

Pending

Private Equity

Synopsis

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Aurora, a self-driving car company, agreed to acquire Advanced Technologies Group, a self-driving unit of Uber Technologies. Financial terms were not disclosed. “By adding the people and technology of Uber’s Advanced Technologies Group to the incredible group we’ve already assembled at Aurora, we’re shifting the landscape of the automated vehicle space. With the addition of ATG, Aurora will have an incredibly strong team and technology, a clear path to several markets, and the resources to deliver. Simply put, Aurora will be the company best positioned to deliver the self-driving products necessary to make transportation and logistics safer, more accessible, and less expensive,” Chris Urmson, Aurora Co-Founder and CEO.

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