• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Dossier.org

Market Intelligence

  • About
    • How to structure intent in Memorandum of Understanding (MOU)
  • Job Board
  • Market Dossier
    • Technology Dossier
    • Events
    • Venture Capital Dossier
  • Domain Dossier
  • Sponsored Post
    • Make a Contribution
  • Contact

Hyundai Motor Group Completes Acquisition of Boston Dynamics from SoftBank

June 21, 2021 By admin Leave a Comment

BOSTON, SEOUL, South Korea and TOKYO – Hyundai Motor Group (the Group), Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), today 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, the Group holds an 80 percent stake in Boston Dynamics and SoftBank, through one of its affiliates, retains the remaining 20 percent stake.

Boston Dynamics is the established leader in developing agile, mobile robots that have been successfully integrated into business operations of many of the world’s leading industrial firms. Advanced robotics offer opportunities for rapid growth with the potential to positively impact society by making work safer and more productive.

By acquiring Boston Dynamics and securing a leading presence in the field of robotics, the Group takes another major step toward its strategic transformation into a Smart Mobility Solution Provider. To propel this transformation, the Group has invested substantially in the development of future technologies, including autonomous driving, artificial intelligence (AI), Urban Air Mobility (UAM), smart factories and robots.

In the field of robotics, the Group aims to develop advanced technologies that enhance people’s lives and promote safety, thereby realizing the progress for humanity.

The deal is also expected to allow the Group and Boston Dynamics to leverage each other’s respective strengths in manufacturing, logistics, construction and automation. Together, the Group and Boston Dynamics will create a robotics value chain, from robot component manufacturing to smart logistics solutions. Additionally, the Group will support Boston Dynamics’ continued expansion of its product line and global sales and service footprint.

Boston Dynamics launched sales of its first commercial robot, Spot® in June of 2020 and now has hundreds of robots operating in a variety of industries, including power utilities, construction, manufacturing, oil and gas, and mining. The company also recently unveiled Stretch™, its first commercial robot specifically designed for warehouse facilities and distribution centers.

The Group today also released a new video to reveal how it would further advance mobility for humanity incorporating Boston Dynamics’ expertise. The video is available on Hyundai’s youtube channel.

SOURCE Hyundai Motor Group

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

VC

Smile Identity, the leading identity verification platform in Africa, has raised $20 million in its Series B funding round
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
Roots Automation Raises $10 Million Series A Round to Accelerate Growth
CertifyOS Closes $14.5 Million Series A Funding Round Led by General Catalyst
Illumina Invests in £30M Venture Fund to Advance Breakthroughs in Human Health
Rivet Raises $20.5 Million Series B Led by Catalyst Investors
When you feel like you’re spiraling

Technologies

Revolutionizing the Fashion Industry: Algae-based Yarns and Dyes Take on Fast Fashion
CES is Back and Thriving!
Unlock the Power of VPNs: Join our Workshop and Master the Latest VPN Technologies!
Continuous Integration and Continuous Delivery in Agile
Every new technology generation has its Luddites
How smart technologies for the home empower consumers
Software Engineer with Legacy Systems Experience

Secondary Sidebar

Analysis

OECD inflation was broadly stable in August 2022, reaching 10.3%, after 10.2% in July & 10.3% in June
Consumer Confidence Declined Slightly in May
Quantum Computing Set to Transform Multiple Industries, Create Up to $850 Billion in Annual Value by 2040, Latest Estimates Show
PayTech is the key to unlocking Africa’s new free trade zone
Battery metals demand to outpace supply starting in 2024

Market Research

Russian oil production succumbing to the impact of Western sanctions
Social Commerce represents a $585B global market
Gen Z ranks top in luxury sales
Top Ten Trends for the Future of Digital Media in 2023 and Beyond
AfricanInvesting.com (African Investing): Africa VC Funding Grew Exponentially in 2016-2021

Footer

Recent Posts

  • Agile Coaching: The Key to Successful Agile Implementation
  • GameTech 2023, GameDev Conference, March 3, 2023
  • AI is Disrupting Software: Key Takeaways from Tech Summit 2023
  • indie Semiconductor has entered into a definitive agreement to purchase GEO Semiconductor
  • Why UK faces chronic labor shortages
  • Battery Ventures Announces Sale of Physical-Security Technology Firm Qognify to Hexagon AB
  • impak Ratings acquires Exerica, a London-based fintech data extraction firm
  • Kentucky’s Wilderness Trail bourbon distillery to be sold to Italian maker of Campari
  • Container xChange Survey: 60% of Freight Forwarders and NVOCCs Struggle to Monitor Movement of Shipping Containers
  • Cloud storage company Box can surge nearly 40% on the future of work

RSS Blockchaining

  • Global Venture Funding for Blockchain and Crypto Companies Hit Record $26.8B in 2022, But Declined in Later Quarters
  • Unlocking the Power of Engagement: Exploring the Connection between Gamification and Blockchaining
  • Building a Decentralized VPN Using Blockchain Technology
  • Exploring the Latest Innovations in Blockchain and Crypto: A Report from the European Blockchain Convention 2023
  • Cryptocurrency has become a global phenomenon with a market capitalization of almost $3 trillion at its peak in November 2021

RSS S3H

  • Scrum: A Framework for Agile Development
  • Implementing Agile in Large Organizations
  • Differences between Agile and Waterfall methodologies
  • Mastering Agile: A Hands-on Workshop on Agile Software Development
  • Understanding Agile Manifesto and Principles

RSS VPNW

  • Comparing different VPN protocols
  • Creating a VPN for IoT devices
  • Building a VPN using cloud services
  • Analyzing VPN security vulnerabilities
  • Building a VPN using blockchain technology

RSS OPINT

  • Agile Requirements Gathering and User Story Mapping
  • OPINT: Exploring the Intersection of Operational Intelligence and Gaming in the Defense Industry
  • Russia says will cut crude production by 5% next month
  • President Xi Jinping’s long-term economic ambitions are out of reach
  • The South China Sea (SCS) and East China Sea (ECS) are becoming a major area of competition between the US and China

Copyright © 2022 Dossier.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT