# Koch Chemical Technology Group makes controlling investment in Genesis Advanced Technology

Koch Chemical Technology Group (KCTG), a unit of Koch Industries, made a strategic and controlling investment in Genesis Advanced Technology. A new company, Genesis Robotics and Motion Technologies, will commercialize electric motor and actuation technologies including the LiveDrive actuator. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2018-04-12
- Where: Canada
- Status: completed
- Products: LiveDrive actuator, electric motor and actuation technologies
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Genesis Advanced Technology](https://endata.com/companies/18481.md) (target)
- [Koch Chemical Technology Group](https://endata.com/companies/18504.md) (acquirer)

## Sources

- [therobotreport.com](https://www.therobotreport.com/genesis-robotics-enters-into-strategic-venture-with-koch-industries/), 2018-04-12: "We are excited to partner with Koch to commercialize LiveDrive and our other pioneering technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.