LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an

LG Electronics has acquired management rights to Bear Robotics by purchasing an additional 30 percent stake in the Silicon Valley-based robotics startup, bringing its total holding to 51 percent, following an existing 21 percent stake.

LG Electronics acquires 51% stake in Bear Robotics to enhance robot business LG Electronics expands robotics capabilities by increasing investment in Bear Robotics

LG will incorporate Bear’s technology, including Servi the robotic waiter, into its own line of robots for consumers and businesses.

LG Electronics has secured a majority stake in Bear Robotics, a Silicon Valley-based startup specializing in AI-driven autonomous service robots. The acquisition aligns with LG's strategy to strengthen its presence in the robotics sector, a key growth area for the company.