LIG Nex1 will have a controlling stake in
Ghost Robotics
PHILADELPHIA and SEOUL, South Korea, July 29,
2024 /PRNewswire/ -- Ghost Robotics, a leading
innovator in legged robotics, and LIG Nex1, a premier South Korean
defense technology company, are pleased to announce the close of a
strategic partnership through LIG Nex1's control-stake acquisition
of Ghost Robotics. LIG Nex1 has acquired a 60% control-stake in
Ghost Robotics for $240 million USD,
valuing the company at $400 million
USD.
This partnership marks a significant milestone for both
companies as they combine their expertise and resources to advance
the field of autonomous robotic solutions. The acquisition will
enable Ghost Robotics to leverage LIG Nex1's extensive experience
and capabilities in defense technology and manufacturing to further
accelerate scaling.
"We are thrilled to partner with LIG Nex1 and embark on this
exciting new chapter for Ghost Robotics," said Gavin Kenneally, PhD, Co-founder & CEO of
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."
LIG Nex1's CEO, Shin IckHyun, echoed the enthusiasm, stating,
"Our acquisition of a majority stake in Ghost Robotics aligns
perfectly with our vision to lead the future of defense and
security technology." He added, "We expect this acquisition will
serve as momentum for both companies to grow together based on our
leading-edge technological capabilities and close cooperation."
This partial acquisition will foster innovation and drive the
development of next-generation robotic systems for both industrial
and defense markets. By combining their strengths, Ghost Robotics
and LIG Nex1 are well-positioned to lead the industry in delivering
robust, versatile, and reliable robotic solutions.
About Ghost Robotics
Founded in 2015, Philadelphia-based Ghost Robotics develops
Quadrupedal Unmanned Ground Vehicles, or Q-UGV® for
short. Ghost's Q-UGVs not only manage unstructured terrain well but
are built for demanding customers in demanding environments. Their
robots have a place in a broad range of government and enterprise
applications where mobile robots with four legs have inherent
advantages over wheels, tracks and even bipedal systems. To learn
more about Ghost Robotics, visit www.ghostrobotics.io.
About LIG Nex1
LIG Nex1 is a leading defense
technology company based in South
Korea, specializing in advanced weapon systems, electronics,
and communication solutions. With a commitment to innovation and
excellence, LIG Nex1 is dedicated to providing world-class defense
and security technologies.
For more information, please contact:
Ghost Robotics Marketing and Communications
Email: press@ghostrobotics.io
Website: www.ghostrobotics.io
LIG Nex1 Public Relations Department
Email: lignex1.press@lignex1.com
Website: www.lignex1.com
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SOURCE Ghost Robotics