Hyundai Buys Robotics Co. Boston Dynamics
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 inclu...