M&A Deal Summary |
|
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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) |
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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 | # |
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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 |