Hyundai Motor Group has agreed to acquire a controlling stake in Boston Dynamics from SoftBank Group, marking one of the most notable robotics deals in recent years. The purchase values the robot maker at around $1.1 billion, a sharp drop from its previous $3.7 billion valuation.
SoftBank acquired Boston Dynamics from Google’s parent company Alphabet in 2017. Since then, the Japanese conglomerate has faced mounting financial pressure, leading to asset sales across its portfolio. The deal with Hyundai may reflect SoftBank’s need to raise cash.
Hyundai will pay roughly $880 million for an 80 percent stake in Boston Dynamics. The remaining 20 percent will stay with SoftBank. The deal underscores Hyundai’s shift toward future mobility and robotics technologies.
Boston Dynamics is known for its viral robot videos, featuring humanoid and canine-like machines performing complex movements. Its lineup includes Atlas, a humanoid robot, and Spot, a four-legged robot used in industrial inspections.
The acquisition gives Hyundai access to advanced robotics capabilities. The automaker plans to integrate these technologies into its manufacturing processes and future mobility solutions. The deal aligns with Hyundai’s broader push into automation and artificial intelligence.
Some analysts view the transaction as a bargain for Hyundai. Boston Dynamics struggled to generate significant commercial revenue under SoftBank. The earlier $3.7 billion valuation was largely based on future potential rather than current earnings.
Hyundai’s purchase includes Boston Dynamics’ patents, engineering talent, and existing robot models. The roboticist team is considered among the best in the field. However, turning that expertise into profitable products remains a challenge.
The deal is expected to close by June 2021, pending regulatory approvals. It signals a growing trend of automakers investing in robotics and automation. Hyundai’s commitment suggests a long-term strategy to diversify beyond traditional car manufacturing.
