Hyundai Motor Group Acquires Controlling Stake in Boston Dynamics from SoftBank

June 21, 2021

Hyundai Motor Group acquired an 80% controlling interest in Boston Dynamics from SoftBank, valuing the mobile-robotics company at about US$1.1 billion. The acquisition is intended to accelerate Hyundai's transformation into a smart mobility solutions provider by integrating Boston Dynamics' advanced robotics capabilities across manufacturing, logistics and automation applications.

Buyers
Hyundai Motor Group
Targets
Boston Dynamics
Sellers
SoftBank Group Corp.
Industry
Manufacturing
Location
Massachusetts, United States
Transaction Type
Buyout

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