LIG Nex1 takes 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 leading Korean defense technology company, are pleased to announce that they have entered into a strategic partnership through LIG Nex1’s acquisition of a controlling stake in Ghost Robotics. LIG Nex1 has acquired a 60% controlling stake in Ghost Robotics for USD 240 million, valuing the company at USD 400 million.
Ghost Robotics Vision 60 Q-UGV
This partnership marks an important milestone for both companies as they combine expertise and resources to advance the field of autonomous robotics solutions. The acquisition will enable Ghost Robotics to further accelerate its scale by leveraging LIG Nex1’s extensive experience and capabilities in defense technology and manufacturing.
“We are thrilled to partner with LIG Nex1 and embark on this exciting new chapter for Ghost Robotics,” said Dr. Gavin Kennealy, co-founder and CEO of Ghost Robotics. “Their investment and strategic guidance will accelerate our growth and strengthen our ability to deliver breakthrough robotics solutions to a broader range of industries and applications.”
LIG Nex1 CEO Shin Ik-hyun also expressed his enthusiasm, saying, “Acquiring a majority stake in Ghost Robotics is perfectly aligned with our vision to lead the future of defense and security technology. We hope this acquisition will serve as a driving force for our mutual growth based on our two companies’ cutting-edge technological capabilities and close collaboration.”
This partial acquisition will spur innovation and accelerate the development of next-generation robotic systems for both industrial and defense markets. By combining their strengths, Ghost Robotics and LIG Nex1 are 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 (Q-UGV® for short). Ghost’s Q-UGVs are not only adept at handling rough terrain, but are built for demanding customers in tough environments. The company’s robots are used in a wide range of government and enterprise applications where four-legged mobile robots have inherent advantages over wheeled, tracked, or even bipedal systems. For more information about Ghost Robotics, visit www.ghostrobotics.io.
About LIG Nex1
LIG Nex1 is a leading South Korea-based defense technology company specializing in advanced weapon systems, electronics and communications solutions. With a commitment to innovation and excellence, LIG Nex1 is focused on delivering world-class defense and security technologies.
For further information, please contact:
Ghost Robotics Marketing Communications
Email: [email protected]
Website: www.ghostrobotics.io
LIG Nex1 Public Relations Department
Email: [email protected]
Website: www.lignex1.com
Source: Ghost Robotics
