# LG Electronics to acquire 64% stake in Cybellum for $140M

LG Electronics is acquiring an approximate 64% stake in Israeli vehicle cybersecurity startup Cybellum for $140 million, with a commitment to invest an additional $20 million via SAFE. This is LG's first acquisition in Israel and in cybersecurity.

- Type: Acquisition
- Announced: 2021-09-23
- Where: Tel Aviv, Israel
- Value: $140.0M
- Status: announced
- Products: vehicle cybersecurity solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LG Electronics](https://endata.com/companies/11457.md) (acquirer)
- [Cybellum](https://endata.com/companies/57913.md) (target)

## Sources

- [calcalistech.com](https://www.calcalistech.com/articles/0,7340,L-3918269,00.html), 2021-09-23: "LG will assume an approximate 64% stake in the tech company valued at $140 million."

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