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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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.

Shares of Velodyne Lidar Inc. VLDR and Ouster Inc. OUST are rising sharply in premarket trading on Monday. What Happened: Lidar manufacturers announced that they have entered into an agreement to ...

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 ...

Ouster delivered strong sales growth and narrowed its losses in Q2. The lidar specialist also announced better-than-expected cost savings following its merger with Velodyne Lidar. Ouster published ...

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.

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 ...