US-listed LiDAR Developers Velodyne and Ouster to Merge in an All-Stock Deal Amid Falling Share Prices
Two of the biggest competitors in the lidar industry, Velodyne Lidar Inc. and San Francisco-based Ouster Inc., announced they will merge in an all stock deal. U.S.-listed Velodyne and Ouster will combine their customer base, partners and distribution channels to reduce lidar product costs and accelerate its adoption across fast-growing markets.
2022-11-08 11:03