Hyundai Motor Group (the Group), Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), announced the completion of the Group’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. Additional financial details were not disclosed. Post-closing,…
Hyundai Motor Group will acquire a controlling interest in Boston Dynamics from SoftBank Group, in a deal that values the mobile robot firm at $1.1 billion. The deal came as the automotive manufacturer aims to combine robotics technologies with its mobility. Financial terms were not disclosed. Boston Dynamics produces mobile robots. The company launched sales of…
Hyundai Motor Group announced it will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement,…