Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), on June 21 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.
By acquiring Boston Dynamics and securing a leading presence in the field of robotics, Hyundai is taking another major step toward its transformation into a Smart Mobility Solution Provider. To propel this transformation, the Group has invested substantially in the development of future