LG strengthens its position in robotics by acquiring a majority stake in Bear Robotics
By ForGeeks LG Electronics is making a strong move into robotics by acquiring a 30% stake in US startup Bear Robotics. The deal gives the company a 51% controlling stake, making Bear Robotics a subsidiary of LG. According to Korean media reports, the deal is worth about $180 million, valuing Bear Robotics at $600 million. The final value of the deal will be disclosed after the deal is finalized.
The final value of the deal will be disclosed after the deal is finalized.
Technology Integration and Development of LG’s Robotics Division
Bear Robotics specializes in building artificial intelligence server robots for restaurants. Their technology allows entire fleets of robots to be controlled remotely, which fits perfectly with LG’s robotics plans. The company already operates in the U.S., South Korea and Japan, providing automation solutions for the foodservice industry.
LG intends to integrate Bear Robotics’ technology with its own commercial products, such as LG’s CLOi Robots line. This will strengthen both the company’s consumer and industrial robotics divisions. LG is also working on a universal software platform for controlling robots, which opens up the prospect for further innovation.
LG is also working on a universal software platform for robot control, which opens up the prospect for further innovation.
LG’s expertise and ambitions in robotics
LG’s interest in robotics has a long history. Back in 2017, the company introduced robot guides for Incheon Airport in South Korea. LG is also actively developing its home automation solutions. For example, the Q9 home robot, which can autonomously perform tasks and interact with users using voice and image recognition technology, is scheduled to be released in 2025.
The company has a long history in robotics.
A standout among LG’s industrial solutions is an autonomous vertical manipulation robot. This robot is equipped with sensors that allow it to perform complex tasks related to moving and carrying objects.
The robot is equipped with sensors that allow it to perform complex tasks related to moving and carrying objects.
The Future of Robotics and Market Competition
LG is making robotics one of its development priorities. A company spokesperson emphasized that the investment in Bear Robotics reflects LG’s commitment to being a leader in this field and accelerating innovation. Despite growing competition, including Samsung’s plans to launch its own robot in 2025, LG is confident in its integrated approach to creating solutions for home, business and industry.
LG is committed to the development of robotics solutions for home, business and industry.
This deal strengthens LG’s position in the industry and reaffirms its commitment to leveraging robotics as a key growth driver in the coming years.
