# Hyundai Heavy Industries spins off robotics business as Hyundai Robotics

Hyundai Heavy Industries Group officially spun off its automation business into a new company, Hyundai Robotics, on May 1, 2020. The new company is wholly owned by Heavy Industries and will also launch a subsidiary, Hyundai L&S, for logistics automation.

- Type: Acquisition
- Announced: 2020-05-01
- Where: South Korea
- Status: completed
- Products: industrial robots, logistics automation, cobots, mobile service robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md)
- [Hyundai Robotics](https://endata.com/companies/36996.md) (target)

## Sources

- [engineering.com](https://www.engineering.com/hyundai-launches-new-robotics-company-expands-in-southeast-asia/), 2020-05-27: "The key management team carries over and the new business is wholly owned by Heavy Industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.