October 05, 2021
Ouster, Inc. (NYSE: OUST) has announced that it has signed a definitive agreement to acquire Sense Photonics, which has developed a digital solid-state lidar sensor for automotive series production. Upon closing the strategic all-stock acquisition Ouster plans to establish Ouster Automotive, a new functional division of the company focused on driving mass-market adoption of digital lidar in consumer and commercial vehicles, cementing Ouster’s position as a market leader across auto and non-auto industry verticals. This is Ouster’s first acquisition since going public through a deSPAC transaction earlier this year.
Latham & Watkins LLP represents Ouster in the transaction with a corporate deal team led by Bay Area partner Greg Roussel, with Orange County associates Nima Movahedi, Brian Umanoff, Takeshi Sumida, and Tiana Baghdikian. Advice was also provided on tax matters by Bay Area partner Grace Lee, with New York associate Alan Kimball; on benefits and compensation matters by Bay Area partner James Metz, and London partner Sarah Gadd, with London associates Adam Ray and Jenny Tholen; on data and technology transactions matters by Bay Area partner JD Marple, with Bay Area associate Erica Chae; on data privacy matters by Bay Area counsel Robert Blamires, with Boston associate Kiara Vaughn and Bay Area associate Samantha Maerz-Boening; on antitrust matters by Washington, D.C. counsels Joseph Simei and Peter Todaro; on environmental matters by Orange County partner Christopher Norton; and on UK law matters by London partners Gail Crawford and Deborah Kirk, with London associate Laura Holden. Additional advice on transactional and capital markets matters was provided by Bay Area partners Benjamin Potter and Haim Zaltzman, and Orange County partner Drew Capurro, with New York counsel Irina Yevmenenko and New York associate Katie Marren.