Hyundai takes $1.1 billion controlling stake in Boston Dynamics

Access to robotics tech will help with future autonomous vehicles and smart factories

Published: December 13, 2020 13:59 Sony Thomas, wheels Editor

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Hyundai Motor Group has acquired controlling interest in Boston Dynamics, valued at $1.1 billion, from SoftBank Group Corp. Image Credit: Supplied

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Under the agreement, Hyundai Motor Group will hold an approximately 80 per cent stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20 per cent stake in Boston Dynamics after the closing of the transaction. Image Credit: Supplied

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Boston Dynamics is the established leader in developing agile, mobile robots that have been successfully integrated into various business operations. Image Credit: Supplied

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The acquisition marks a major step for Hyundai Motor Group toward its strategic transformation into a Smart Mobility Solution Provider. Image Credit: Supplied

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The deal is also expected to allow Hyundai Motor Group and Boston Dynamics to leverage each other’s respective strengths in manufacturing, logistics, construction and automation. Image Credit: Supplied

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Boston Dynamics produces highly capable mobile robots with advanced mobility, dexterity and intelligence, enabling automation in difficult, dangerous, or unstructured environments. Image Credit: Supplied

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