Hyundai forays into robotics by completing acquisition of Boston Dynamics from SoftBank
Hyundai claims that it will establish a robotics value chain, from robot component manufacturing to smart logistics solutions
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. announced the completion of Hyundai's acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. However, particulars of the deal were not disclosed.