LG Electronics Acquires Majority Stake in Bear Robotics
January 24, 2025
LG Electronics has exercised a call option to acquire an additional 30% of Bear Robotics, increasing its ownership to a controlling 51% stake after an initial $60 million investment in March 2024. The move brings Bear Robotics into LG's robotics fold to accelerate AI-driven commercial, home and industrial robot development and integrate LG's commercial robot business with Bear Robotics' platform and fleet-management capabilities.
- Buyers
- LG Electronics
- Targets
- Bear Robotics
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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