Hyundai Buys Robotics Co. Boston Dynamics

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Hyundai Completes Acquisition of Leading Robot Developer Boston Dynamics


                         Source:  Hyundai & Boston Dynamics

Synergies of Robotics and Automakers

Hyundai Motor Group has completed its acquisition of Boston Dynamics, a world leader in developing agile, mobile robots such as Spot the robodog.  Boston Dynamics was valued at $1.1 billion with Hyundai having an 80% stake and SoftBank owning 20%.  The question is why would a global automaker buy a robotics company?  The answer:  Hyundai is going into robotics in multidimensional ways, including autonomous cars, urban air mobility vehicles and robots.

Robotic Value Chain

Hyundai says that it and Boston Dynamics will create a robotic value chain for everything from robot component manufacturing to smart logistics solutions.  Hyundai already has significant internal robotic expertise including factory automation, wearable exoskeletons to protect and strengthen workers and a service robot that performs hotel duties.  Hyundai says that Boston Dynamics expertise in 3D vision and manipulation using biped and quadruped robots are synergistic with its expertise in AI and human robot interaction.

Smart Mobility Solutions

The South Korean automaker says the purchase enables it to further transition into a Smart Mobility Solutions Provider, including autonomous driving, AI, urban air mobility, smart factories and robots.  Boston Dynamics has hundreds of robots operating in various industries, including a new one named Stretch, specifically designed for warehouse facilities and distribution centers.  Hyundai says the two companies will leverage each other's respective strengths in automation, logistics, manufacturing and construction. For a series of executive briefings and great pictures on the future of travel vehicles, go to https://read.amazon.com/kp/embed?asin=B095XDNZVD&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_C4FP5ESA6TZJ1V5C83WQ

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