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Samsung Electronics has acquired an additional 4.77% stake in Rainbow Robotics for $21.2m, following the earlier purchase of a 10.22% stake for $49.7m in January. Samsung now holds a 14.99% stake in the robotics developer, and has bought a call option that can boost its shareholdings to a combined 59.94%.
Samsung has cited robotics as a key growth engine for the future, and is preparing for the upcoming era of robots. It plans to put forward various robotics businesses based on technologies secured for commercial deployment.
Founded in 2011, Rainbow Robotics is a Daejeon-based robotics developer with expertise in multi-legged robots.
(Photo: Han Jong-hee, Samsung Electronics vice chairman, during the general shareholder meeting held Wednesday in Suwon, Gyeonggi. [JOINT PRESS CORPS])