# Torc Robotics to acquire Algolux

Torc Robotics, an independent subsidiary of Daimler Truck AG, announced it has signed an agreement to acquire Algolux Inc., a leader in perception for autonomous vehicles. The acquisition includes Algolux's intellectual property in computer vision and machine learning.

- Type: Acquisition
- Announced: 2023-02-28
- Where: Blacksburg, Virginia, United States
- Status: announced
- Products: autonomous driving technology, computer vision, machine learning
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Torc Robotics](https://endata.com/companies/38319.md) (acquirer)
- [Algolux](https://endata.com/companies/68847.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/02/28/2617371/0/en/Torc-Robotics-Announces-Agreement-to-Acquire-Algolux.html), 2023-02-28: "We're thrilled to welcome Algolux to the Torc family"

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