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  6. Palladyne AI Acquires RE2

M&A Deal Summary

Palladyne AI Acquires RE2

On March 28, 2022, Palladyne AI acquired machinery company RE2 for 100M USD

Acquisition Highlights
  • This is Palladyne AI’s 1st transaction in the Machinery sector.
  • This is Palladyne AI’s largest (disclosed) transaction.
  • This is Palladyne AI’s 1st transaction in the United States.
  • This is Palladyne AI’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-03-28
Target RE2
Sector Machinery
Buyer(s) Palladyne AI
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Stifel (Financial)
Blank Rome (Legal)

Target

RE2

Pittsburgh, Pennsylvania, United States
RE2 provides the RE2 Sapien family of robotic arms, RE2 Detect computer vision software, and RE2 Intellect autonomy software to enable intelligent mobile manipulation systems that operate in a variety of complex indoor and outdoor environments. RE2’s systems help companies in the aviation, construction, defense, energy, and medical industries to enable remote operations, improve worker safety and efficiency, and reduce operational costs. RE2 is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Palladyne AI

Salt Lake City, Utah, United States
Category Company
Founded 1983
Sector Machinery
Employees71
Revenue 8M USD (2024)
DESCRIPTION

Palladyne AI is involved in design, development, and deployment of highly mobile and dexterous robots that combine human intelligence, instinct, and judgment with robotic strength, endurance, and precision to augment worker performance. Palladyne AI was formed in 1983 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-17 GuideTech

Kansas City, Kansas, United States

GuideTech helps aerospace firms, particularly startups, build unmanned systems such as UAVs, missiles, satellites, and launch vehicles. They offer a stack of products, including flight software (FLEX), simulation tools, and an AI-empowered avionics system called BRAIN, alongside engineering services for design, integration, and testing. GuideTech is based in Kansas City, Kansas.

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