LG Electronics Strengthens Robotics Portfolio with Bear Robotics Acquisition

In a strategic move to enhance its robotics capabilities, LG Electronics has acquired a majority stake in Bear Robotics, a pioneering Silicon Valley startup known for its AI-powered autonomous service robots. This acquisition, which gives LG a controlling 51% stake, follows an initial $60 million investment in March 2024. By integrating Bear's technology into its commercial robot division, LG aims to drive innovation across various sectors, including home and industrial robotics. This expansion underscores LG's commitment to becoming a leader in the rapidly evolving robotics market. 

 

Source: ROI-NJ, Capacity Media, The Robot Report