# Ouster to merge with Colonnade Acquisition Corp. in SPAC deal valued at $1.9 billion

Ouster, a lidar sensor provider, entered a definitive merger agreement with Colonnade Acquisition Corp. The transaction is expected to provide up to $300 million in gross proceeds, with a pro forma implied enterprise value of ~$1.6 billion and fully diluted equity value of ~$1.9 billion.

- Type: Acquisition
- Announced: 2020-12-22
- Where: United States
- Value: $1.90B
- Status: announced
- Products: digital lidar sensors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ouster, Inc.](https://endata.com/companies/52072.md) (target)
- [Colonnade Acquisition Corp.](https://endata.com/companies/52073.md) (acquirer)

## Sources

- [investors.ouster.com](https://investors.ouster.com/news-releases/news-release-details/ouster-leading-provider-high-performance-digital-lidar-sensors), 2020-12-22: "Ouster, a Leading Provider of High-Performance Digital Lidar Sensors, to Combine With Colonnade Acquisition Corp. to Accelerate Digital Lidar Adoption."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.