M&A Deal Summary

Hyundai Acquires Boston Dynamics

On December 11, 2020, Hyundai acquired machinery company Boston Dynamics from SoftBank for 1.1B USD

Acquisition Highlights
  • This is Hyundai’s 1st transaction in the Machinery sector.
  • This is Hyundai’s largest (disclosed) transaction.
  • This is Hyundai’s 1st transaction in the United States.
  • This is Hyundai’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-12-11
Target Boston Dynamics
Sector Machinery
Buyer(s) Hyundai
Sellers(s) SoftBank
Deal Type Divestiture
Deal Value 1.1B USD

Target

Boston Dynamics

Waltham, Massachusetts, United States
Boston Dynamics designs and builds dynamic robots and software for human simulation. The Company began as a spin-off from the Massachusetts Institute of Technology in 1992. Boston Dynamics is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Hyundai

Seoul, South Korea
Category Company
Founded 1967
Sector Automotive
Employees63,018
Revenue 162.66T USD (2023)
DESCRIPTION

Hyundai is a global automotive group operating in the automobile, steel, construction, machine tools, logistics, and other industries. The Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. Hyundai was founded in 1967 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

SoftBank

Tokyo, Japan
Category Company
Founded 1981
Sector Diversified
Employees80,909
Revenue 6.57T JPY (2023)
DESCRIPTION

SoftBank is a diversified telecommunications and internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broadmedia, technology services, finance, media and marketing, and other businesses. SoftBank was founded in 1981 and is based in Tokyo, Japan.

DEAL STATS #
Overall 11 of 16
Sector (Machinery) 1 of 1
Type (Divestiture) 6 of 7
State (Massachusetts) 1 of 1
Country (United States) 8 of 10
Year (2020) 3 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Likewize

Southlake, Texas, United States

Likewize offers comprehensive protection against any technology disruption. Whether a device is lost, stolen, damaged, malfunctioning, in need of an upgrade or the user does not know how to do something, the company provides the solution. It operates in over 30 countries, resolving 250 million problems each year across insurance, warranty, repairs, trade-ins, recycling, and premium tech support. Likewize was founded in 1997 and is based in Southlake, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Coupang

Seoul, South Korea

Coupang is an e-commerce operator making the mobile and providing cutting-edge shipping services. Coupang offers fashion apparel, beauty products empowering sellers to arrive buyers and increment their online market. Coupang was founded in 2010 and is based in Seoul, South Korea.

Sell -
Mergr

Product

Company

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