Samsung Electronics has become the largest shareholder in South Korea’s Rainbow Robotics, as indicated in a regulatory filing released on Tuesday. The company, which had already made prior investments in Rainbow Robotics, has acquired a stake valued at 267 billion won (approximately $181 million).
In conjunction with this acquisition, Samsung is launching a Future Robotics Office that will report directly to the CEO, according to a separate announcement from the technology leader.
Before this transaction, Samsung Electronics held the position of the second-largest shareholder in Rainbow Robotics, owning a 14.71% stake, equivalent to around 2.85 million shares. The previous largest shareholder was the company’s founder, Oh Jun-ho, along with related entities.
