On January 24, 2025, LG Electronics (LG) announced it has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based start-up specializing in AI-driven autonomous service robots. Wilson Sonsini Goodrich & Rosati advised Bear Robotics on the transaction.

LG’s board of directors exercised a call option to acquire an additional 30 percent stake in Bear Robotics, following an initial investment of $60 million in March 2024. Upon completion of the call option exercise, LG will hold a controlling 51 percent stake in Bear Robotics, effectively incorporating it as a subsidiary. As part of the strategic move, LG’s commercial robot business, primarily centered around “LG CLOi Robots,” will be integrated with Bear Robotics. The key management team of Bear Robotics will remain in place to ensure stable business continuity and will continue to focus on creating synergies in LG’s commercial robot business. The transaction is contingent upon customary closing conditions, including regulatory filings.

The Wilson Sonsini team that advised Bear Robotics on the transaction includes:

Mark Baudler
Lianna Whittleton
Ethan Lutske
Brian Chan
Peter Bratton
Won Gi Chong
Utsav Lall
Brett Condie
Matthew Norgard
Myra Sutanto Shen
Khalil Nobles
Kimberley Biagioli
Matt Gorman
Seth Cowell
James Griffin-Stanco
Ryan Hart

For more information, please see Bear Robotics’ press release.