LG Electronics acquires Israel's cybersecurity platform developer Cybellum

Acquisition, divestment & Spinoff

LG Electronics announced the signing of a contract to acquire a 63.9% stake in Cybellum for USD89.46 million

According to a press release published on TechCrunch on 22 September, LG Electronics expanded its component business for vehicle hardware and software by acquiring Israel's cybersecurity platform developer Cybellum in a deal worth approximately USD110 million.

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