Announced
Completed
Financials
Tags
Domestic
Majority
Public
Friendly
Single Bidder
Merger
Acquisition
Auto Parts
lidar solutions
auto parts
automobile sensors
United States
Completed
Synopsis
Ouster, a provider of high-resolution digital lidar, completed the merger with Velodyne, a global player in lidar sensors and solutions, in a $400m deal. "Ouster’s cutting-edge digital lidar technology, evidenced by strong unit economics and the performance gains of our new products, complemented by Velodyne’s decades of innovation, high-performance hardware and software solutions, and established global customer footprint, positions the combined company to accelerate the adoption of lidar technology across fast-growing markets with a diverse set of customer needs. Together, we will aim to deliver the performance customers demand while achieving price points low enough to promote mass adoption," Angus Pacala, Ouster CEO.
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