Sarcos to acquire RE2 for $100M to expand mobile robotics portfolio

Sarcos Technology and Robotics Corporation announced a definitive merger agreement to acquire RE2, Inc. for $100 million, consisting of $30 million in cash and $70 million in stock, adding mobile manipulation systems for industrial, medical and subsea markets.

“This transaction brings together two leading commercial robotics teams focused on industrial robotic technologies that improve worker safety and productivity.”sec.gov

• 1 source
• sec.govstrc-ex991_17.htmMar 28, 2022

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