LG Electronics Acquires Majority Stake in Bear Robotics

LIG Nex1 Acquires 60% Stake in Ghost Robotics

July 29, 2024

Aerospace & Defense

South Korea’s LIG Nex1 has acquired a 60% control stake in Philadelphia-based Ghost Robotics for $240 million, valuing the company at $400 million. The strategic investment will pair LIG Nex1’s defense technology and manufacturing capabilities with Ghost Robotics’ quadrupedal unmanned ground vehicle (Q-UGV) technology to accelerate product scaling and expand defense and industrial applications.

Hyundai Motor Group Acquires Controlling Stake in Boston Dynamics from SoftBank

June 21, 2021

Manufacturing

Hyundai Motor Group acquired an 80% controlling interest in Boston Dynamics from SoftBank, valuing the mobile-robotics company at about US$1.1 billion. The acquisition is intended to accelerate Hyundai's transformation into a smart mobility solutions provider by integrating Boston Dynamics' advanced robotics capabilities across manufacturing, logistics and automation applications.

LG Electronics Acquires 80% Stake in Athom (Homey)

July 3, 2024

Consumer Products

LG Electronics has acquired an 80% stake in Dutch smart-home company Athom, maker of the Homey smart home hub, with plans to buy the remaining 20% within three years. LG will integrate Athom's Homey platform into its ThinQ ecosystem to expand third-party connectivity and AI-enabled home capabilities; Athom will continue to operate independently and its founders will remain as executives. Financial terms were not disclosed.

LGI Healthcare Solutions Acquires Boston Software Systems

October 5, 2023

Software

LGI Healthcare Solutions Inc., a Canada-based healthcare IT solutions provider, has completed the acquisition of Boston Software Systems, a U.S.-based provider of robotic process automation (RPA) solutions for healthcare. The deal expands LGI's automation capabilities and market coverage, combining LGI's integration experience with BSS's healthcare-focused RPA platform to drive workflow efficiency and improved clinical outcomes.

STIHL (STIHL Digital) Acquires 23.8% Stake in TinyMobileRobots

February 2, 2022

Manufacturing

German industrial group STIHL, via its corporate venture arm STIHL Digital, has acquired a 23.8% minority stake in Danish robotics maker TinyMobileRobots, buying out a state-funded investment managed by Borean Innovation. The investment is intended to accelerate TinyMobileRobots' international growth and leverage STIHL's global dealer network to expand distribution across sports, construction and agriculture end markets.

Saab Acquires BlueBear Systems Group Ltd

September 5, 2023

Aerospace & Defense

Saab has acquired all shares in UK-based BlueBear Systems Group Ltd to strengthen its AI-enabled autonomous swarm and command-and-control capabilities. BlueBear, based outside Bedford, England, employs about 65 staff and had roughly £8 million turnover last year; Saab will integrate the business as a centre for rapid concept development to enhance its offering across key international markets.