The Microsoft, Caterpillar, Schlumberger and Delta-backed industrial robotics provider is merging with publicly-listed Rotor Acquisition Corp.
Sarcos Robotics, a US-based industrial robotics technology manufacturer backed by software producer Microsoft, construction equipment maker Caterpillar, air carrier Delta and oilfield services provider Schlumberger, agreed tomorrow to list through a reverse merger.
The company is joining forces with special purpose acquisition company Rotor Acquisition Corp in a transaction that will value them at a combined $1.3bn.
Sarcos produces robotic exoskeletons that help users lift heavy objects while preventing injuries. The merged business, Sarcos Technology, will take the spot on…
