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 including factory automation, wearable exoskeletons to protect and strengthen workers and a service robot that performs hotel dut