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LG Electronics Accelerates Future Growth Engine Discovery with Acquisition of UK VP Solution Company
- Writing language: Korean
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Summarized by durumis AI
- LG Electronics has begun its foray into the next-generation content creation market by acquiring MoSys Engineering, a UK-based VP solution company, to strengthen its future competitiveness.
- The company plans to invest KRW 10 trillion in new businesses such as automotive components, robotics, and electric vehicle charging, and accelerate growth by leveraging external capabilities through its '3B Strategy'.
- In particular, LG Electronics is focusing on the North American electric vehicle charging market through the acquisition of AppleMango and its partnership with ChargePoint.
LG Electronics has acquired UK-based VP (Virtual Production) solution company 'MoSys Engineering' for approximately KRW 11 billion, aiming to strengthen its future competitiveness. MoSys is a company that provides film and broadcast shooting solutions, including camera tracking technology, media servers, and operating software. Through this acquisition, LG Electronics intends to solidify its position in the next-generation content creation market. LG Electronics is also planning a KRW 10 trillion investment in future competitiveness, focusing on new businesses such as automotive components, robotics, and electric vehicle charging.
CEO Cho Ju-wan announced plans to leverage the '3B (Build, Borrow, Buy) strategy' to absorb external capabilities, accelerate entry into new businesses, and enhance market dominance. In line with this strategy, LG Electronics is pursuing growth across various areas, including the acquisition of smart home platform company 'AtHome' and investment in autonomous robot startup 'Bear Robotics'.
Particularly in the electric vehicle charging market, LG Electronics has established production bases in the US and Korea after acquiring 'AppleMango'. It is actively pursuing market penetration by collaborating with ChargePoint, the leading charging operator in North America.
Source - LG Electronics
LG Electronics has acquired UK-based VP (Virtual Production) solution company 'MoSys Engineering' for approximately KRW 11 billion, aiming to strengthen its future competitiveness. MoSys is a company that provides film and broadcast shooting solutions, including camera tracking technology, media servers, and operating software. Through this acquisition, LG Electronics intends to solidify its position in the next-generation content creation market. LG Electronics is also planning a KRW 10 trillion investment in future competitiveness, focusing on new businesses such as automotive components, robotics, and electric vehicle charging.
CEO Cho Ju-wan announced plans to leverage the '3B (Build, Borrow, Buy) strategy' to absorb external capabilities, accelerate entry into new businesses, and enhance market dominance. In line with this strategy, LG Electronics is pursuing growth across various areas, including the acquisition of smart home platform company 'AtHome' and investment in autonomous robot startup 'Bear Robotics'.
Particularly in the electric vehicle charging market, LG Electronics has established production bases in the US and Korea after acquiring 'AppleMango'. It is actively pursuing market penetration by collaborating with ChargePoint, the leading charging operator in North America.
