Vision 60, a quadruped robot developed by Gostrobotics. (Photo provided by Nex1)
On July 29, LIG Nex1 announced that it had acquired 60% of all shares in Ghostrobotics, a leading US quadrupedal robot company, in collaboration with Korea Investment Private Equity (KIPE).
LIG Nex1 established an acquisition company, LNGR LLC, to acquire Ghost Robotics. The company completed all investment procedures, including approval from the Committee on Foreign Investment in the United States (CFIUS), on July 26 (local time). As a result, the company secured a 60% stake in Ghost Robotics. This 60% stake is worth approximately 332 billion won (approximately $245 million) out of the robotics company’s total capital of 554 billion won.
Ghost Robotics is a quadruped robotics company founded in Philadelphia, USA in 2015 and recognized worldwide for its unique technological capabilities.
Ghost Robotics’ flagship product, the Vision 60, boasts longer battery life than the competition, is agile and natural on rough terrain like gravel roads and hills, and can move quickly in water. Its modular design allows it to be best equipped for each mission, and its parts are removable, allowing for quick recovery and repair of damaged components.
Ghost Robotics has built a global network by exporting its products to the U.S., the U.K., Japan and other parts of the world based on its unique technology. Experts say the company has great potential for future growth.
LIG Nex1 plans to set up a joint research center in Washington, DC by the end of this year. It is also preparing to enter the Korean and overseas robotics markets. With the acquisition of Ghost Robotics, LIG Nex1 is expected to play a leading role in bringing about new innovations in various fields, including manned and unmanned integrated combat systems promoted by the Korean military, navigation and rescue, fire monitoring and extinguishing, and disability guidance.
