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LIG Nex1 has acquired the maker of the Imaginative and prescient 60 Q-UGV quadruped robotic. | Credit score: Ghost Robotics
LIG Nex1 Co., a South Korean protection know-how firm, has taken a controlling 60% share in Ghost Robotics Corp., which is now valued at $400 million. The businesses mentioned the transaction will allow Ghost Robotics to make use of LIG Nex1’s expertise and manufacturing capabilities to speed up its progress.
“[LIG Nex1’s] funding and strategic steering will speed up our progress and improve our skill to ship groundbreaking robotic options to a wider vary of industries and purposes,” acknowledged Gavin Kenneally, Ph.D., co-founder and CEO of Ghost Robotics.
LIG Nex1 follows via on acquisition plan
Seoul, South Korea-based LIG Nex1 indicated its intention to amass ghost Robotics in December 2023. As we speak’s announcement marks the tip of a strategic partnership between it and Philadelphia-based Ghost Robotics.
“Our acquisition of a majority stake in Ghost Robotics aligns completely with our imaginative and prescient to guide the way forward for protection and safety know-how,” famous Shin IckHyun, CEO of LIG Nex1. “We anticipate this acquisition will function momentum for each corporations to develop collectively based mostly on our modern technological capabilities and shut cooperation.”
The firm mentioned it makes a speciality of superior weapon programs, electronics, and communications programs.
Ghost Robotics to widen Q-UGVs purposes
Based in 2015, Ghost Robotics has developed quadrupedal uncrewed floor autos, or Q-UGVs. The corporate claimed that such programs supply benefits in authorities and enterprise purposes the place wheels, tracks, and even bipedal programs might not be appropriate.
Ghost Robotics is likely one of the few quadruped producers worldwide which have embraced deployments of such programs into unmanned fight purposes. The acquisition suits proper into LIG Nex1’s roadmap and is a pure extension of its present growth.
In 2022, Boston Dynamics filed a patent-infringement lawsuit towards Ghost Robotics for its design. Hyundai Motor Corp.-owned Boston Dynamics is one in all six robotics corporations that signed a pledge to not weaponize their programs.
Ghost Robotics and LIG Nex1 mentioned their deal will assist them develop robots for each industrial and protection markets. By combining their strengths, the businesses mentioned they’re “well-positioned to guide the business in delivering strong, versatile, and dependable robotic options.”
