# Hyundai Motor Group completes acquisition of Boston Dynamics

Hyundai Motor Group completed the acquisition of a controlling 80% stake in Boston Dynamics from SoftBank Group, valuing the mobile robot firm at $1.1 billion. SoftBank retains a 20% stake.

- Type: Acquisition
- Announced: 2021-06-21
- Where: United States
- Value: $1.10B
- Status: completed
- Products: agile mobile robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (acquirer)
- [SoftBank Group](https://endata.com/companies/15862.md) (partner)
- [Boston Dynamics](https://endata.com/companies/24800.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hyundai-motor-group-completes-acquisition-of-boston-dynamics-from-softbank-301316206.html), 2021-06-21: "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."

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