Ouster (OUST) and Velodyne Complete Merger
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Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption
February 13, 2023 6:00 AM ESTRobust 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
