M&A Deal Summary

Ouster Acquires Velodyne Lidar

On November 7, 2022, Ouster acquired technology hardware company Velodyne Lidar

Acquisition Highlights
  • This is Ouster’s 1st transaction in the Technology Hardware sector.
  • This is Ouster’s 2nd transaction in the United States.
  • This is Ouster’s 2nd transaction in California.

M&A Deal Summary
Date 2022-11-07
Target Velodyne Lidar
Sector Technology Hardware
Buyer(s) Ouster
Deal Type Merger
Advisor(s) BofA Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Velodyne Lidar

San Jose, California, United States
Velodyne Lidar is a provider of smart, powerful lidar solutions for autonomy and driver assistance. Velodyne Lidar was founded in 1983 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Ouster

San Francisco, California, United States
Category Company
Founded 2015
Sector Technology Hardware
Employees290
Revenue 83M USD (2023)
DESCRIPTION

Ouster is a provider of high-resolution digital lidar sensors for the industrial, automotive, smart infrastructure, and robotics industries. Ouster products offer an excellent combination of price and performance and are built to a set of requirements that are flexible enough to span hundreds of use cases and enable revolutionary autonomy across industries. Ouster has approximately 600 customers in over 50 countries with offices in the Americas, Europe, Asia-Pacific, and the Middle East. Ouster was founded in 2015 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Merger) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Sense Photonics

San Francisco, California, United States

Sense Photonics produces 3D data and offers unparalleled flexibility for automotive OEMs. With an architecture built on scalable VCSEL & SPAD technology, Sense’s new LiDAR platform leapfrogs the competition for exponential advancements in assisted and automated driving. Sense Photonics was founded in 2016 and is based in San Francisco, California.

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