Foreign media reported that Hyundai Motor Group eventually decided to acquire an 80 percent stake in Boston Dynamics, a U.S. robot company.
According to Reuters and other foreign media reports on the 11th, Hyundai Motor Group has agreed with Softbank on the acquisition of shares. Hyundai Motor Group Chairman Chung Eui-sun is known to be 20 percent, Hyundai Motor is 30 percent, Hyundai Mobis is 20 percent, and Hyundai Glovis is 10 percent.
Hyundai Mobis and Hyundai Glovis will hold a board meeting on the previous day to discuss the acquisition of Boston Dynamics.
If the acquisition is finalized through the board of directors, it will be the first large-scale merger and acquisition (M&A) since Chung took office. As the acquisition is not complete, the amount of the acquisition is estimated to be between 800 billion won and 900 billion won, which is less than the initial known 1 trillion won (1 billion dollars).
In related industries, Hyundai Motor Group’s acquisition was highly likely as Chairman Chung Eui-sun previously cited the “robotics business” as one of the group’s next-generation power sources. 안전놀이터
Twenty percent of Hyundai Motor Group’s future business will be Robotics, Chung said at a town hall meeting last October. It is currently developing two-legged walking robots for medical purposes through its affiliates and is expected to be commercialized.
Hyundai Motor has shown interest in robot technology because of its high utilization within the group. Hyundai Motor Group has declared a transformation into a ‘comprehensive mobility company.’ The explanation is that when autonomous driving and robots meet, restrictions on movement can be reduced, creating a new concept of transportation, such as “walking taxis,” which can easily be used for transportation, and can also be used for last mile logistics delivery from the road to the door.