Genesis Advanced Technology enters into strategic partnership with Koch Industries
April 9, 2018
On April 9, 2018, Genesis Advanced Technology closed a strategic and controlling investment in its subsidiary, Genesis Robotics, by Koch Chemicals Technology Group ("KCTG"). Pursuant to the transaction, a new company called Genesis Robotics and Motion Technologies was formed that will commercialize innovative electric motor and actuation technologies, including the LiveDrive actuator, that will advance robotics designs and platforms. The venture will allow Genesis Robotics to benefit from Koch's global reach in marketing and commercialization.
Genesis Advanced Technology, based in British Columbia, focuses on developing inventive mechanical designs for use in a broad array of sectors including oil and gas, clean energy, medical devices, and robotics. Genesis has developed technologies that are expected to change the way robots are built and move.
KCTG is the industrial-technology and engineered-equipment unit of Koch Industries, Inc. and is focused on developing pollution control equipment for industries and municipalities worldwide. Koch Industries, Inc. is one of the largest private companies in America.
McCarthy Tétrault LLP advised Genesis Advanced Technology with a team led by Pavan Jawanda and Matthew Peters that included Glynnis Morgan, Maureen Gillis and James Clinton (Corporate/M&A), TJ Kang and Jeremy Ho (Tax), Vincent Yip (Intellectual Property), and Christopher McHardy (Labour & Employment).