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Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 billion, the company announced today.

The deal has been in the works for a while, according to recent a report from Bloomberg , and marks a major step into consumer robotics for Hyundai.

Its two main stars have been Atlas, a humanoid bipedal robot that can run and do backflips , and Spot, a smaller quadrupedal “dog” that’s been tested in a variety of scenarios, from sheep herding to assisting health care workers during the pandemic.

Despite the viral fame, that Boston Dynamics has not been profitable in recent years, which could change under a new CEO and Hyundai’s guidance.

Boston Dynamics spent time under Google, primarily focused on research and development, and more recently had a stint with SoftBank, a deal that former Boston Dynamics CEO Marc Raibert announced with the lofty “mission to push the boundaries of what advanced robots can do and to create useful applications in a smarter and more connected world.”

Hyundai’s own industrial robots have been focused on factories in its automotive comfort zone, including a “car with legs” concept that the company imagined could be used by first responders to travel across difficult terrain.

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