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New Deal


Announced

Completed

Sarcos Technology and Robotics completed the acquisition of RE2 for $100m.

Financials

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Transaction Value£75m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

robotic systems

United States

Single Bidder

Friendly

Auto Technology

Acquisition

Domestic

Majority

Completed

Synopsis

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Sarcos Technology and Robotics, a developer of robotics and microelectromechanical systems and related technologies, completed the acquisition of RE2, a developer of autonomous and teleoperated mobile robotic systems, for $100m. “We are delighted to welcome the RE2 team to Sarcos. This transaction brings an innovative company with a complementary but additive suite of products into the Sarcos family, allowing us to offer a much wider range of solutions to address our customers’ needs. It will also allow us to expand our offerings to new industries such as medical and subsea, deepen our team of robotics experts, and advance the development of AI and machine learning technologies for use in unstructured environments,” Kiva Allgood, Sarcos President and CEO.

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