Ouster and Velodyne Complete Merger to Create Combined LiDAR Company

February 2, 2023

Ouster and Velodyne Lidar completed a proposed merger of equals to form a combined lidar company, with leadership and board designees drawn from both firms. The transaction is intended to create a stronger financial position, broaden the product suite and commercial reach, and deliver operational synergies and cost savings to accelerate lidar adoption across automotive, robotics and infrastructure markets.

Buyers
Ouster, Velodyne Lidar
Targets
Ouster, Velodyne Lidar
Industry
Automotive
Location
California, United States
Transaction Type
Buyout

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