Lidar companies Ouster and Velodyne announced they have combined in a “merger of equals,” further evidence of a consolidation in the high-tech sensor industry. The merger became effective Feb ...

Velodyne Lidar and Ouster agree to a merger of equals. The combined company will have $355 million in cash and slash $75 million in costs to speed up the path to breakeven. The stocks are a ...

Ouster Inc. and Velodyne Labs Inc., two major suppliers of lidar sensors for autonomous vehicles, today announced plans to merge in an all-stock transaction.Velodyne investors will receive 0.8204 ...

Nov 7 (Reuters) - Lidar companies Ouster Inc (OUST.N), opens new tab and Velodyne Lidar Inc (VLDR.O), opens new tab have agreed an all-share merger that steps up consolidation in search of ...

With lidar companies Ouster and Velodyne officially merged, CEO Angus Pacala has identified the next phase of growth. And it’s not self-driving cars or even advanced driver assistance systems ...

Ouster and Velodyne will host a joint webcast on November 7, 2022 at 8:30 AM ET to discuss the planned merger. Ted Tewksbury as Executive Chairman of the Board and Angus Pacala as Chief Executive ...

Lidar maker Ouster said on Thursday that it remains on track to realize more than $75 million in annual cost savings by the end of 2023, following its merger with rival Velodyne in February. CEO ...

Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, ...

Hesai Group , a China-based maker of lidar light sensors for applications like autonomous vehicles and robotics, has convinced the U.S. International Trade Commission to end a patent-infringement ...

Existing Velodyne and Ouster shareholders would each own about 50 percent of the combined company under terms of the "merger of equals" agreement, which is expected to close in the first half of 2023.

The companies expect to employ about 350 people, far fewer employees than the combined total of 697 they reported having before announcing their merger last year.

The auto industry needs lidar to become less expensive and solid state.. That's the assessment of Ouster CEO Angus Pacala as he starts to integrate the operations of the Velodyne lidar business ...