Sarcos Technology And Robotics Corporation To Acquire Re2, An Award-Winning Developer Of Intelligent Mobile Manipulation Systems
Acquiring Company
Palladyne AI Corp.
Acquired Company
Palladyne AI Corp.
Salt Lake CitySalt Lake CitySalt Lake CityInformation TechnologySoftwareArtificial IntelligenceMachine LearningInformation TechnologySoftwareArtificial IntelligenceMachine LearningInformation TechnologySoftwareArtificial IntelligenceMachine LearningDescription
Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) today announced that the Company has reached a definitive merger agreement to acquire Pittsburgh-based RE2, Inc., a developer of autonomous and teleoperated mobile robotic systems for use in the aviation, construction, defense, energy and medical industries. This transaction brings together two leading commercial robotics teams focused on industrial robotic technologies that improve worker safety and productivity. Consideration for the transaction is $100 million, consisting of $30 million in cash, which Sarcos expects to fund with cash on hand, and $70 million of Sarcos common stock.
Quick answer
Palladyne AI Corp. and Palladyne AI Corp. are acquiring Palladyne AI Corp., announced March 28, 2022. Palladyne AI Corp. is based in Salt Lake City, Utah, United States.
- Who acquired Palladyne AI Corp?
- Palladyne AI Corp. and Palladyne AI Corp. agreed to acquire Palladyne AI Corp. on March 28, 2022.
- How much did Palladyne AI Corp. pay for Palladyne AI Corp?
- The deal value was not disclosed.
- Where are Palladyne AI Corp. and Palladyne AI Corp. based?
- Palladyne AI Corp. is based in Salt Lake City, Utah, United States. Palladyne AI Corp. is based in Salt Lake City, Utah, United States.
- Who are the decision-makers at Palladyne AI Corp?
- Fundz holds 3 contacts at Palladyne AI Corp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Palladyne AI Corp., and when
When Palladyne AI Corp. changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Palladyne AI Corp. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Palladyne AI Corp., from your own LinkedIn network
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Frequently asked
Who acquired Palladyne AI Corp.?
Palladyne AI Corp. was acquired by Palladyne AI Corp., based in Salt Lake City. The deal was reported on March 28, 2022. Palladyne AI Corp. is publicly traded (PDYN) and operates in Information Technology.
When did Palladyne AI Corp. acquire Palladyne AI Corp.?
Palladyne AI Corp.'s acquisition of Palladyne AI Corp. was reported on March 28, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Palladyne AI Corp. do?
Palladyne AI Corp. is the company acquired in this transaction. It is publicly traded (PDYN), operating in Information Technology, and is based in Salt Lake City.
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