Ghost Robotics’ flagship model, Vision 60 (LIG Nex1)
South Korean defense company LIG Nex1 said on Monday it has partnered with Korea Investment Private Equity to acquire a 60% stake in Ghost Robotics, a leading U.S. maker of quadrupedal robots.
LIG Nex1 completed all investment procedures on Friday, including approval from the Committee on Foreign Investment in the U.S. The acquisition price is about 332 billion won ($240 million), and LIG Nex1 will secure a 60% stake in Ghost Robotics.
Founded in Philadelphia in 2015, Ghost Robotics is known for its advanced quadrupedal robots. Their flagship product, the Vision 60, boasts excellent battery life, agile and smooth movement over difficult terrain, and fast underwater movement. The robot’s modular design allows for quick recovery of damaged parts and allows for customization of mission-specific devices.
LIG Nex1 plans to open a collaboration center in Washington by the end of the year in preparation for expanding into domestic and international robotics markets.
According to the company, the acquisition is expected to promote technological innovation in various areas, including the South Korean military’s hybrid manned-unmanned combat systems, search and rescue operations, fire monitoring and suppression, and assistance for people with disabilities.
“Both LIG Nex1 and Ghost Robotics are R&D-centric companies with excellent research teams and infrastructure. This acquisition will enable us to create synergies in both defense and civilian markets and pave the way for unique growth opportunities on a global scale,” said Shin Ik-hyun, CEO of LIG Nex1.
