Ouster and Velodyne Lidar Merge in All-Stock Deal to Accelerate Lidar Adoption

February 2, 2023

Ouster (NYSE: OUST) and Velodyne (NASDAQ: VLDR) agreed to merge in an all-stock “merger of equals,” with Velodyne shareholders exchanging each share for 0.8204 shares of Ouster at closing. The companies expect to improve scale and financial strength by combining product offerings, distribution channels, and operational synergies, including at least $75 million in annualized cost savings.

Buyers
Ouster (Ouster, Inc.)
Targets
Velodyne Lidar, Inc., Velodyne (Velodyne Lidar, Inc.)
Location
California, United States
Transaction Type
Buyout

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