Hyundai Motor Group has taken control of Boston Dynamics, a well-known American robotics and engineering company. A strategic move that has generated a lot of interest in the applications it may have for the car brands that make up the South Korean automobile group.
One of the world’s leading automakers, Hyundai Motor Group, has announced a major acquisition as it allows it to take control of a leading American company in the field of engineering and robotics. Hyundai ha comprado Boston Dynamics. Specifically, the South Korean automobile group has acquired a majority stake in the SoftBank company.
After receiving the pertinent approvals by the regulatory entities and other pertinent steps of an acquisition of this size, Hyundai has taken control of Boston Dynamics. A company that is known worldwide for its viral videos of robots dancing or carrying out curious tasks but that has much more background behind said audiovisual content.
Hyundai takes control of Boston Dynamics
The agreement to purchase a majority stake in Boston Dynamics by Hyundai Motor Group was closed at just over a billion dollars. The South Korean manufacturer, through an official press release, has not given more financial details about the operation. After this purchase materializes, Hyundai dispone del 80% de Boston Dynamics. For its part, SoftBank, through its subsidiaries, retains the remaining 20%.
At this point, How can this acquisition benefit the Hyundai Group car brands?
Let us remember that we have such relevant firms as Hyundai and KIA. In addition, Genesis is gaining ground in the competitive premium market. Hyundai Motor Group highlights the leadership role of Boston Dynamics in developing agile mobile robots with a myriad of potential applications.
In the Hyundai Group want to ensure a leading presence in the field of robotics. In addition, this purchase will allow them to move forward in their goal of strategic transformation into a Smart Mobility Solutions Provider. The concept of mobility is changing rapidly and we no longer just have to live with our own car.
Hyundai has acquired 80% of the shares of Boston Dynamics
Hyundai wants to promote safety
Although the South Korean Group makes special mention of the fact that it wants to promote safety and improve people’s lives. No one is aware that the technology developed by Boston Dynamics can bring multiple improvements to the production chains and, ultimately, to the vehicle, engine and component manufacturing centers that this giant of the automotive industry has.
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