| | |

Sarcos Acquires Pittsburgh’s RE2 for $100M

RE2 Sarcos400x275

March 28, 2022

Sarcos Technology and Robotics Corporation has announced a definitive merger agreement with Pittsburgh-based RE2 Inc., which develops autonomous and teleoperated mobile robotic systems for use in the aviation, construction, defense and medical industries. The transaction is $100 million, consisting of $30 million in cash and $70 million of Sarcos common stock.

Following the transition, the shared product suite will allow the combined company to target a much broader spectrum of customer needs across the commercial and defense sectors. The initial product line will include Sarcos’ Guardian XO full-body battery-powered industrial exoskeleton, the Guardian XT teleoperated dexterous mobile robotic avatar system, and RE2’s Sapien line of arms that feature capabilities such as precision arms for surgical applications, and rugged outdoor arms for construction tasks. RE2 also makes the Sapien Sea Class system, which can operate in shallow and deep water to perform inspection and maintenance tasks across multiple industries.

RE2’s portfolio includes technologies in surgical robotics, aviation maintenance, and construction automation, with sales of more than 650 robot arm products that operate in unstructured environments into the market since 2010. The company generated approximately $15 million in revenue in 2021.

In addition, the new company said it expects to advance robotic autonomy in unstructured environments by leveraging RE2’s Detect outdoor computer vision solution and Intellect autonomy software, along with the Sarcos Cybernetic Training for Autonomous Robots (CYTAR) AI and machine learning program.

RE2 was founded by Jorgen Pederson, CEO and president, in 2001 as a spinout of Carnegie Mellon’s National Robotics Engineering Center (NREC) and has more than 100 employees in Pittsburgh. Pedersen will become the chief operating officer of Sarcos once the merger is complete.

“We are delighted to welcome the RE2 team to Sarcos,” said Kiva Allgood, president and CEO of Sarcos. “This transaction brings an innovative company with a complementary but additive suite of products into the Sarcos family, allowing us to offer a much wider range of solutions to address our customers’ needs. It will also allow us to expand our offerings to new industries such as medical and subsea, deepen our team of robotics experts, and advance the development of AI and machine learning technologies for use in unstructured environments.”

“Across the globe, robotic technologies are changing the way workers perform complex, often dangerous tasks, particularly during a time of widespread skilled labor shortages,” said Pedersen. “By combining our organizations, Sarcos can now offer a variety of robotic solutions to a broader customer base.”

Sarcos said the transaction was expected to close in Q2 of 2022, given the satisfaction of closing conditions. For more details on Sarcos, visit its website here. To learn more about RE2, visit its website here.


Robotics World News

  • Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics, which develops robotic equipment for construction sites, has announced it raised $2.2 million in a pre-seed funding round (reported by Construction Dive). The company is currently providing fenestration and mass timber contractors with semi-autonomous equipment that completes bracket layout, installment and verification four times faster than standard methods. “Our mission at Raise is… Read More…

  • Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Colorado-based Scythe Robotics, which develops advanced commercial-grade autonomous systems for professional landscapers, has announced it raised $42 million in Series B funding. The company said it will use the funding to help meet demand for more than 7,500 reservations for its fully electric, fully autonomous M.52 mower. With the latest financing, Scythe Robotics has raised… Read More…


Products for Robots & Cobots

  • Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion, a business unit of Novanta Inc., announced the launch of two of the world’s smallest servo drives, the Denali Series. Denali is the latest addition to Celera Motion’s line of premium-performance Ingenia servo drives. Denali offers hardware architecture as well as optimized power management, with a minimum standby power consumption of down to 1.2 W. The servo drives… Read More…

  • Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heilind Electronics, a leading global distributor of electronic components and authorized distributor for TE Connectivity, offers the Mini I/O Cat6A connector as part of its full line of TE ethernet products. TE Industrial’s Mini I/O connectors eliminate the need for special tools to create a fast and secure wire-to-wire or wire-to-board connection. The mini I/O… Read More…