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Hyundai to acquire Boston Dynamics - PLANT

Hyundai to acquire Boston Dynamics
Boston Dynamics is also entering the logistics automation market and will introduce a mobile robot for warehouses in 2021
December 22, 2020
by Plant Magazine
Hyundai Motor Group and SoftBank Group Corp. have agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed.
Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. Headquartered in Seoul, South Korea, Hyundai Motor Group’s affiliates ....

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Autonomous & Self-Driving Vehicle News: Chevy, Hyundai, Aurora, Uber, Velodyne, Synopsis & AImotive

Autonomous & Self-Driving Vehicle News: Chevy, Hyundai, Aurora, Uber, Velodyne, Synopsis & AImotive
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Hyundai Motor Group to Acquire Controlling Interest in Boston Dynamics from SoftBank Group, Opening a New Chapter in the Robotics and Mobility Industry

(2)
Hyundai Motor Group
to acquire controlling interest in Boston Dynamics, valued at $1.1 billion, with the goal of advancing robotics and mobility to realize progress for humanity
The combination of the highly complementary technologies of Hyundai Motor Group and Boston Dynamics, and the continued partnership of SoftBank Group, will propel development and commercialization of
advanced robots
Hyundai Motor Group
, together with Boston Dynamics, will create robotics value chain ranging from robot component manufacturing to smart logistics solutions
BOSTON and SEOUL, South Korea and TOKYO, Dec. 11, 2020 /PRNewswire/ Hyundai Motor Group and SoftBank Group Corp. (SoftBank) today agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by ....

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