Lidar makers Ouster and Velodyne complete their merger

 

Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse

https://www.cnbc.com/2023/02/13/lidar-makers-ouster-velodyne-merger.html

• Ouster and Velodyne have merged into a new company that will retain the Ouster name.
• Ouster’s CEO, Angus Pacala, will lead the new company, while Velodyne’s CEO, Ted Tewksbury, will chair its board of directors.
• The merger creates a lidar powerhouse with more than 850 customers and about $315 million in cash on hand.