Ouster (OUST) and Velodyne Complete Merger

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Go back to Ouster (OUST) and Velodyne Complete Merger

Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption

February 13, 2023 6:00 AM EST

Robust offering of Ouster and Velodyne products to serve current and prospective customers

Innovative digital lidar technology roadmap and new software solutions to catalyze growth

Strengthened financial position with over $315 million in combined cash and expected annualized cost savings in excess of $75 million1

SAN FRANCISCO--(BUSINESS WIRE)-- Ouster (NYSE: OUST), a leading provider of high-resolution digital lidar, and Velodyne, a global player in lidar sensors and solutions, announced the successful completion of their merger of equals, effective February... More