In a groundbreaking announcement, Ghost Robotics and LIG Nex1 have solidified a strategic partnership through LIG Nex1’s acquisition of a controlling stake in Ghost Robotics. With LIG Nex1 obtaining a 60% stake in Ghost Robotics for $240 million USD, this move values the innovative legged robotics company at $400 million USD.
This collaboration symbolizes a major milestone for both companies, as they pool their expertise and resources to push the boundaries of autonomous robotic solutions. Ghost Robotics will now be able to tap into LIG Nex1’s vast experience in defense technology and manufacturing, propelling their scaling efforts even further.
Gavin Kenneally, Co-founder & CEO of Ghost Robotics, expressed his excitement about the partnership, highlighting how LIG Nex1’s investment and guidance will help accelerate their growth and broaden the reach of their cutting-edge robotic solutions. LIG Nex1’s CEO, Shin IckHyun, mirrored this enthusiasm, emphasizing the alignment of this acquisition with their vision of leading the future of defense and security technology.
This acquisition sets the stage for impactful innovation and the development of next-generation robotic systems for both industrial and defense markets. By joining forces, Ghost Robotics and LIG Nex1 are at the forefront of delivering versatile, reliable, and robust robotic solutions to meet a diverse array of needs.
Founded in 2015, Ghost Robotics, based in Philadelphia, is renowned for its expertise in developing Quadrupedal Unmanned Ground Vehicles (Q-UGVs). These robots excel in navigating challenging terrains and cater to a wide range of governmental and commercial applications. They offer unique advantages over traditional wheeled or tracked robots, making them a top choice for demanding environments.
On the other hand, LIG Nex1 is a distinguished defense technology company headquartered in South Korea, specializing in advanced weapon systems, electronics, and communication solutions. With a steadfast commitment to innovation and excellence, LIG Nex1 is dedicated to providing top-notch defense and security technologies.
This collaboration signifies a bright future for both Ghost Robotics and LIG Nex1, as they leverage their collective strengths to innovate and shape the landscape of autonomous robotic solutions. Stay tuned for more exciting developments from these industry leaders as they continue to lead the way in cutting-edge technology.
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