Event
Bear Robotics becomes majority-owned LG subsidiary after call-option exercise
Key points
- LG Electronics exercised a call option to acquire an additional 30 percent stake in Bear Robotics.
- The transaction followed LG's 2024 USD 60 million investment and raised LG's ownership to 51 percent.
- LG said Bear Robotics would become a subsidiary and that LG's commercial robot business centered on CLOi would be integrated with Bear Robotics.
Company context
Bear Robotics builds autonomous mobile robots for hospitality, service and indoor logistics environments. Its product lineup includes Servi and Servi Plus for food running and table bussing, Servi Clean for cleaning workflows, and Carti AMRs for warehouse, factory and material transport use cases.
Context
- Company
- Bear Robotics
- Segment
- Service
- Event type
- Acquisition
- Geography
- Redwood City, California · United States