Hyundai Motor Group completes acquisition of a controlling stake in Boston Dynamics from SoftBank

Boston Dynamics

Hyundai Motor Group closed its acquisition of an 80% controlling stake in Boston Dynamics from SoftBank on June 21, 2021, for $1.1 billion, with SoftBank retaining 20%. Hyundai framed the acquisition as building a complete robotics value chain from component manufacturing to logistics solutions.

• Valuation: $1.1 billion; Hyundai takes 80%, SoftBank keeps 20% minority stake
• Closed June 21, 2021; Hyundai Motor Group provides capital and component manufacturing expertise
• Strategic aim: establish end-to-end robotics value chain from components through smart logistics
• Boston Dynamics had launched Spot commercial sales in 2020 and recently introduced Stretch warehouse robot