Boston Dynamics sold to Hyundai

PRESS RELEASE December 11, 2020

Hyundai Motor Group to acquire controlling interest in Boston Dynamics from Softbank Group opening a new chapter in the Robotics and Mobility Industry.

Main Points

  • 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
  • The robotics technologies will lend synergies to autonomous vehicles, UAMs and smart factories
  • Hyundai Motor Group, together with Boston Dynamics, will create robotics value chain ranging from robot component manufacturing to smart logistics solutions

Full Press Release at https://www.bostondynamics.com/hyundai-press-release

and screen shot HERE