Tag: advisor
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Merger of Velodyne and Ouster creates $550 million lidar giant
Velodyne and Ouster have merged to create what could be described as a “lidar giant” at a time when interest in lidar – light detection and ranging – sensors are at an all-time high because of their applications in so many robotic and automated machines. Ouster and Velodyne describe their successful deal as a “merger…
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AE Industrial Partners sells BHI Energy to Westinghouse
AE Industrial Partners, a US-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, has signed a definitive agreement to sell its portfolio company BHI Energy to Westinghouse Electric Company. Terms of the transaction were not disclosed. For over 40 years, Weymouth, MA-based BHI has…
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Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital
Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital. Financial terms of the transaction were not disclosed. Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at…
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Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration
Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion. Founded in…
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UPS sells UPS Freight to TFI International for $800 million
Logistics giant United Parcel Services has entered into an agreement to sell UPS Freight to TFI International for $800 million, subject to working capital and other adjustments. Carol Tomé, UPS CEO, says: “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International. “The agreement…
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Investment industry embraces and fears robo-advisors – but bionic advisor may be the better answer
High net worth investors need and want human advice backed by technology for better recommendations, reporting and access, says InvestEdge The future of investment advice isn’t a battle of man versus machine, according to a commentary from InvestEdge. The investment industry is excited – and fearful – about the rise of “robo-advisors”, systems that give…