Hyundai Motor to acquire the US robotics firm Boston Dynamics. from SoftBank Group for $921 million and will finalize the acquisition 10 Dec.
purchased US robotics firm Boston Dynamics from SoftBank Group for $ 921. The
automotive giant plans to invest heavily in robot technologies in the coming
South Korean automobile company Hyundai Motor acquired Boston Dynamics , an American robot manufacturer operating under SoftBank .
According to the news served by The Korea Economic Daily, a prestigious Korean press, the deal worth $ 921 million (1 trillion won) will be completed on December 10, today.
Boston Dynamics was the first acquisition move led by Chung Eui-sun , Hyundai Motor's new president . The new boss took office last October .
Boston will become third owner of Dynamics
Robotics will be one of Hyundai's top priorities for years to come, along with electric and hydrogen-powered cars . The company plans to invest $ 1.4 billion in this sector by 2025 .
In the meantime , let us remind you that Hyundai Motor will be the third owner of Boston Dynamics . The company was founded in 1992. It was acquired by the search giant Google in 2014 . The robot manufacturer was sold to the Japanese holding SoftBank in 2017 .