Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 146
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
~ In a major development for the field of legged robotics, Ghost Robotics and LIG Nex1 have announced a strategic partnership through LIG Nex1's acquisition of a control-stake in Ghost Robotics. The South Korean defense technology company has acquired a 60% stake in Ghost Robotics for $240 million USD, valuing the company at $400 million USD.
This partnership marks a significant milestone for both companies as they join forces to advance the field of autonomous robotic solutions. By combining their expertise and resources, Ghost Robotics and LIG Nex1 aim to drive innovation and accelerate the development of next-generation robotic systems.
According to Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics, this partnership is an exciting new chapter for the company. He expressed his enthusiasm for the collaboration with LIG Nex1, stating that their investment and strategic guidance will help Ghost Robotics grow and deliver groundbreaking robotic solutions to various industries and applications.
More on The PennZone
LIG Nex1's CEO, Shin IckHyun, also shared his excitement about the acquisition. He believes that this move aligns perfectly with their vision to lead the future of defense and security technology. He added that he expects this partnership to serve as momentum for both companies to grow together based on their technological capabilities and close cooperation.
The acquisition will allow Ghost Robotics to leverage LIG Nex1's extensive experience and capabilities in defense technology and manufacturing. This will further accelerate scaling for Ghost Robotics as they work towards delivering robust, versatile, and reliable robotic solutions.
With this partial acquisition, both companies are well-positioned to lead the industry in developing advanced robotic systems for industrial and defense markets. This partnership is expected to foster innovation and drive progress in the field of legged robotics.
This partnership marks a significant milestone for both companies as they join forces to advance the field of autonomous robotic solutions. By combining their expertise and resources, Ghost Robotics and LIG Nex1 aim to drive innovation and accelerate the development of next-generation robotic systems.
According to Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics, this partnership is an exciting new chapter for the company. He expressed his enthusiasm for the collaboration with LIG Nex1, stating that their investment and strategic guidance will help Ghost Robotics grow and deliver groundbreaking robotic solutions to various industries and applications.
More on The PennZone
- 5.6 Million EUR in Q1 Project Awards for Integrated IoT Solutions / Data Analytics Subsidiary of Smart City Developer: Affluence (Stock Symbol: AFFU)
- Merger Advancement For Embodied AI Co in Robotic Systems Serving High Value Hospitality, Gaming & Real Estate Sectors: MBody AI Corp. (NAS DAQ: MBAI)
- Hollywood In Pixels Announces Honorees for The 9th Silver PIXel Awards
- New Research Finds a Good Deal Is All It Takes to Get Americans Booking a Last-Minute Vacation — and Most Already Have One on Their Mind
- GitKraken Introduces GitLens 19, Bringing Human and AI Workflows Together in One Workbench
LIG Nex1's CEO, Shin IckHyun, also shared his excitement about the acquisition. He believes that this move aligns perfectly with their vision to lead the future of defense and security technology. He added that he expects this partnership to serve as momentum for both companies to grow together based on their technological capabilities and close cooperation.
The acquisition will allow Ghost Robotics to leverage LIG Nex1's extensive experience and capabilities in defense technology and manufacturing. This will further accelerate scaling for Ghost Robotics as they work towards delivering robust, versatile, and reliable robotic solutions.
With this partial acquisition, both companies are well-positioned to lead the industry in developing advanced robotic systems for industrial and defense markets. This partnership is expected to foster innovation and drive progress in the field of legged robotics.
0 Comments
Latest on The PennZone
- Rebecca L. Francis, Founder of the Rebecca Francis Team, Named to Lehigh Valley Business' LVB 300
- Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
- Imagen Golf & Top 100 Coach Daniel Guest Voted Best Golf Instruction Firm of the Year 2026
- Q1 2026 Arizona Technology Industry Impact Report Recaps Advanced Manufacturing Growth, High-Value Jobs and Workforce Investment
- Former Prosecutor Opens Stegall Law in Summerville
- Vboost Celebrates 14 years of Automotive Viral Marketing
- M.C. Weeks, Inc. Marks 80 Years of Family Ownership and Brand Refresh
- Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
- SMACK Fighting Championships Debuts a New Sports Concept in Philadelphia
- Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors
- Stop Bleeding Cash on Mediocre Talent. Build a Powerhouse Remote Team Instead
- Crownlight Strategies® Announces Federal Trademark Registration
- New Book Calls 'Sense of Belonging' the Missing Link in Student Success
- Igbozue Connecticut USA Celebrates 2026 Summer Family Picnic
- KT Medical Staffing Addresses the Questions Families Forget to Ask Before Bringing Private Nursing Care Home
- Private Autopsies Give Arizona Families Answers After Nursing Home and Care Facility Deaths
- Chuckie F. Mahoney Memorial Foundation Awards Nearly $40,000 in School Grants
- OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
- Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP
- Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer