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.
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.
Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics
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.
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.
Shin IckHyun, LIG Nex1’s CEO
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.
Source: Ghost Robotics news release
