Add-on Acquisition • Machinery

Palladyne AI Acquires RE2

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

Acquisition Context

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.

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M&A Deal Summary
Date	March 28, 2022
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 Company

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 Overview 1

Buyer

Palladyne AI

Salt Lake City, Utah, United States

Category	Company
Founded	1983
Sector	Machinery
Employees	71
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 Context for Buyer	#
Overall	1 of 2
Sector: Machinery	1 of 1
Type: Add-on Acquisition	1 of 2
State: Pennsylvania	1 of 1
Country: United States	1 of 2
Year: 2022	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.	Buy	-

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.

Buy

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