South Korea’s LIG Nex1 to Acquire American Firm Ghost Robotics

Published on January 3, 2024

Vision 60 robot

South Korea’s defense powerhouse LIG Nex1 is set to acquire American technology firm Ghost Robotics for $239 million.

As reported by UPI News Korea, the Asian company will have a controlling 60 percent stake in the Philadelphia-based firm known for making cutting-edge unmanned quadruped vehicles.

The remaining 40 percent will be owned by its partner – a private equity corporation.

The move comes as the global military robotics market is projected to expand from $21.11 billion last year to $34.48 billion by 2030.

The acquisition will reportedly be finalized by June 2024.

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