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  6. Velodyne Lidar Acquires Bluecity

M&A Deal Summary

Velodyne Lidar Acquires Bluecity

On October 4, 2022, Velodyne Lidar acquired information technology company Bluecity

Acquisition Highlights
  • This is Velodyne Lidar’s 1st transaction in the Information Technology sector.
  • This is Velodyne Lidar’s 1st transaction in Canada.
  • This is Velodyne Lidar’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-10-04
Target Bluecity
Sector Information Technology
Buyer(s) Velodyne Lidar
Deal Type Add-on Acquisition

Target

Bluecity

Montreal, Quebec, Canada
Bluecity is a developer of a revolutionary solution to monitor traffic networks in real-time, no matter if it is day or night, sunny or snowy. Bluecity's sophisticated algorithm powered by artificial intelligence and benefiting from a novel distance measurement technology, LiDAR, to addresses all the cities data need for traffic management, planning, and safety analysis. Bluecity was founded in 2018 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Velodyne Lidar

San Jose, California, United States
Category Company
Founded 1983
Sector Technology Hardware
Employees309
Revenue 95M USD (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Mapper.ai

San Francisco, California, United States

Mapper.ai, Inc. is a provider of a repository of up-to-date, machine-readable base maps. Mapper.ai was founded in 2015 and is based in San Francisco, California.

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