SoftBank Acquires ABB Robotics for $5.4 Billion to Boost AI Portfolio
TL;DR Summary
SoftBank is acquiring ABB's robotics division for $5.4 billion, marking a strategic move into AI-based robotics and ending ABB's plans to spin off the unit. The deal aims to combine ABB's technology with SoftBank's AI capabilities, with the transaction expected to close by late 2026 and generate significant cash proceeds for ABB to invest in growth and shareholder returns.
- SoftBank to buy ABB's robotics business in $5.4 billion deal Reuters
- SoftBank to buy ABB robotics unit for $5.4 billion as it boosts its AI play CNBC
- ABB to sell robots business to SoftBank in $5.38 billion deal Yahoo Finance
- Sami Atiya to leave ABB ABB Group
- SoftBank Expands AI Footprint With Multibillion-Dollar Robotics Deal The Wall Street Journal
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