# 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.

- Type: Acquisition
- Announced: 2022-03-28
- Where: Pittsburgh, Pennsylvania, United States
- Value: $100.0M
- Status: announced
- Products: mobile dexterous robots, exoskeletons, teleoperated robotic systems, robotic arms
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sarcos Technology and Robotics Corporation](https://endata.com/companies/61897.md) (acquirer)
- [RE2](https://endata.com/companies/61898.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1826681/000156459022011894/strc-ex991_17.htm), 2022-03-28: "This transaction brings together two leading commercial robotics teams focused on industrial robotic technologies that improve worker safety and productivity."

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