Ghost Robotics Corporation and LIG Nex1 announce close of acquisition

Ghost Robotics, a leading innovator in legged robotics, and LIG Nex1, a premier South Korean defense technology company, announced the close of a strategic partnership through LIG Nex1's control-stake acquisition of Ghost Robotics. LIG Nex1 has acquired a 60% control-stake in Ghost Robotics for $240 million, valuing the company at $400 million.

This partnership marks a significant milestone for both companies as they combine their expertise and resources to advance the field of autonomous robotic solutions. The acquisition will enable Ghost Robotics to leverage LIG Nex1's extensive experience and capabilities in defense technology and manufacturing to further accelerate scaling.

“We’re thrilled to partner with LIG Nex1 and embark on this exciting new chapter for Ghost Robotics,” says Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics. “Their investment and strategic guidance will accelerate our growth and enhance our ability to deliver groundbreaking robotic solutions to a wider range of industries and applications.”

“Our acquisition of a majority stake in Ghost Robotics aligns perfectly with our vision to lead the future of defense and security technology,” adds LIG Nex1's CEO Shin IckHyun. “We expect this acquisition will serve as momentum for both companies to grow together based on our leading-edge technological capabilities and close cooperation.”

This partial acquisition will foster innovation and drive the development of next-generation robotic systems for both industrial and defense markets. By combining their strengths, Ghost Robotics and LIG Nex1 are well-positioned to lead the industry in delivering robust, versatile, and reliable robotic solutions.