started · updated
IBM to Acquire HRL Laboratories from Boeing and GM
Boeing and General Motors have signed a definitive agreement to sell their jointly‑owned research company HRL Laboratories to IBM. HRL, founded in 1948 and currently held equally by the two firms, develops advanced technologies for the automotive, aerospace and defense sectors. The financial terms of the deal were not disclosed, and the transaction will close only after the required regulatory approvals are obtained.
Both Boeing and GM said IBM will continue to build on HRL’s research legacy and that they will maintain collaborative work with IBM on quantum‑computing applications and other advanced technologies. Following the sale, Boeing will concentrate its resources on commercial aircraft, defense products and space systems, while General Motors will focus on its core automotive and technology programmes.
Entities
General Motors Company · HRL Laboratories · International Business Machines Corporation · The Boeing Company
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Completion of the sale depends on obtaining required regulatory approvals. avioradar.net
- [○ 1 SOURCE] After the sale, General Motors will continue investing in its automotive and technology programmes. avioradar.net
- [○ 1 SOURCE] Boeing and General Motors signed a definitive agreement to sell HRL Laboratories to IBM. avioradar.net
- [○ 1 SOURCE] HRL Laboratories was founded in 1948. avioradar.net
- [○ 1 SOURCE] Financial details of the transaction were not disclosed. avioradar.net
- [○ 1 SOURCE] HRL Laboratories is owned equally (50% each) by Boeing and General Motors. avioradar.net
- [○ 1 SOURCE] IBM will continue developing HRL Laboratories' technological and research legacy. avioradar.net
- [○ 1 SOURCE] After the sale, Boeing will focus resources on commercial aircraft, defense products and space systems. avioradar.net