Samsung Electronics (005930.KS) became the largest shareholder of South Korea’s Rainbow Robotics (277810.KQ), the robotics company said in a regulatory filing.
Samsung, which had previously invested in the robotics company, newly took a 267 billion won ($181 million) stake, the filing said.
With the acquisition, Samsung is also establishing a Future Robotics Office reporting directly to the CEO, the tech giant said in a separate statement.
Prior to the deal, Samsung Electronics was the second-biggest shareholder of Rainbow Robotics, holding a 14.71 per cent stake, or about 2.85 million shares, in the company.
Previously, the largest shareholder was the firm’s founder Oh Jun-ho and associated entities.
