.
MergerLinks Header Logo

New Deal


Announced

United States Steel to invest in Carnegie Foundry.

Financials

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

Tags

Edit

Majority

Domestic

United States

Friendly

industrial robotics

Single Bidder

Auto Technology

Pending

Acquisition

Private

artificial intelligence

Synopsis

Edit

United States Steel, a steel producer, agreed to invest in Carnegie Foundry, a robotics and AI studio. Financial terms were not disclosed. "We are very excited to have US Steel as a key partner. Our goals are aligned and our innovations in automation complement US Steel’s ongoing work. It’s our good fortune that we found investment, aligned mindsets and large-scale industrial specialization with the team at US Steel," Robert J. Szczerba, Carnegie Foundry CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US