Investment Summary

LG Invests In Bear Robotics

On March 12, 2024, LG invested in information technology company Bear Robotics

Investment Highlights
  • This is LG’s 1st transaction in the Information Technology sector.
  • This is LG’s 1st transaction in the United States.
  • This is LG’s 1st transaction in California.

Investment Summary
Date 2024-03-12
Target Bear Robotics
Sector Information Technology
Investor(s) LG
Deal Type Stake Purchase

Target

Bear Robotics

Redwood City, California, United States
Bear Robotics is a startup specializing in AI-driven autonomous service robots. Its Autonomous Mobile Robots (AMRs) for the food service and hospitality field are safe, reliable, and deployed in just a few hours. Bear Robotics is based in Redwood City, California.

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Investor(S) 1

Investor

LG

Seoul, South Korea
Category Company
Founded 1958
Sector Electronics
Employees33,730
Revenue 84.23T KRW (2023)
DESCRIPTION
LG office in San Jose, California.
LG office in San Jose, California.

LG is a south korean holding company. Its principal activities include the manufacture of electronics and chemicals. LG was founded in 1958 and is based in Seoul, South Korea.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 2
Type (Stake Purchase) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 GeoPark - Colombia and Chile Oil and Gas Assets

Santiago, Chile

GeoPark Ltd. - Colombia and Chile Oil and Gas Assets consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. This acquisition will also help streamline financial, tax, organizational, and cost structures.

Buy $81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Athom

Enschede, Netherlands

Athom is a technology company that sells the smart home hub ‘Homey,’ which connects with home appliances and IoT devices and offers cloud subscription services. Athom was formed in 2014 and is based in Enschede, Netherlands.

Buy -
Mergr

Product

Company

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