.
MergerLinks Header Logo

New Deal


Announced

Aurora Innovation to acquire OURS Technology.

Financials

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

Tags

Edit

Domestic

Friendly

lidar sensors

Auto Technology

Pending

United States

Single Bidder

sensors manufacturer

Acquisition

auto technology

Private

Majority

Synopsis

Edit

Aurora Innovation, an autonomous-driving startup, agreed to acquire OURS Technology, a lidar sensor manufacturer. Financial terms were not disclosed. Aurora plans to incorporate the chips into the sensing component of its autonomous driving system. The decision to acquire Ours Technology rather than simply licensing its technology will enable Aurora to remove the possibility of a competitor swooping in. Moreover, absorbing the startup will enable it to align the product development roadmap more closely with its business model.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US