Hyundai acquired 80% stake in robot maker Boston Dynamics


Hyundai has acquired Boston Dynamics the robot maker as it pushes further into the field of robotics. This deal means the Korean car maker now owns an 80 percent stake in the company, known for its commercially available robo-dog Spot, valuing it at $1.1 billion.

As a result of the acquisition, Hyundai is the third company to own Boston Dynamics, an MIT spinoff that was purchased by Google in 2013 and later Softbank in 2017, which still retains a 20 percent stake.

Hyundai’s grand plan for the company is to create a “robotics value chain” that spans robot component manufacturing, construction and automation.

Source: Engadget