Sarcos Technology and Robotics (Nasdaq: STRC) has completed its $100 million acquisition of Pittsburgh-based autonomous robot builder RE2. Sarcos said Monday it expects to add work through RE2's government contracts and developmental partnership with Oshkosh's (NYSE: OSK) JLG Industries subsidiary. The transaction, which was first announced in March, consisted of $30 million in cash plus
RE2 is a Pennsylvania-based developer and manufacturer of autonomous and teleoperated mobile robotic systems for sectors including construction, aviation and energy.