Ghost Robotics, a pioneer in legged robotics, and LIG Nex1, a prominent South Korean defense technology firm, have officially announced the formation of a strategic partnership. This collaboration follows LIG Nex1's acquisition of a 60% control-stake in Ghost Robotics for $240 million USD, placing the overall value of Ghost Robotics at $400 million USD.
The partnership represents a pivotal moment for both entities as they integrate their technological prowess and resources to propel the development of autonomous robotic solutions. The acquisition is set to enable Ghost Robotics to harness LIG Nex1's extensive experience in defense technology and manufacturing, further accelerating the company's growth and scaling efforts.
Expressing excitement about the partnership, Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics, stated, "We are thrilled to partner with LIG Nex1 and embark on this exciting new chapter for Ghost Robotics. Their investment and strategic guidance will accelerate our growth and enhance our ability to deliver groundbreaking robotic solutions to a wider range of industries and applications."
Echoing this sentiment, LIG Nex1's CEO, Shin IckHyun, remarked, "Our acquisition of a majority stake in Ghost Robotics aligns perfectly with our vision to lead the future of defense and security technology. We expect this acquisition will serve as momentum for both companies to grow together based on our leading-edge technological capabilities and close cooperation."
The strategic acquisition is anticipated to drive innovation and the development of next-generation robotic systems for both industrial and defense sectors. By merging their strengths, Ghost Robotics and LIG Nex1 are positioning themselves to become leaders in mobile robotics.
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