M&A Deal Summary

Sarcos Robotics Acquires RE2

On March 28, 2022, Sarcos Robotics acquired machinery company RE2 for 100M USD

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

M&A Deal Summary
Date 2022-03-28
Target RE2
Sector Machinery
Buyer(s) Sarcos Robotics
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (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

Sarcos Robotics

Salt Lake City, Utah, United States
Category Company
Founded 1983
Sector Machinery
DESCRIPTION

Sarcos Robotics is involved in the 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. The company is revolutionizing a myriad of industries by deploying robots that will create the safest, most productive, and most cost-effective workforce in the world. Its products are designed to address unmet needs in the following industries: manufacturing, construction, logistics, oil & gas, aviation, aerospace, automotive, mining, infrastructure inspection, defense, and public safety, among others. Sarcos Robotics was formed in 1983 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal