SoftBank to Acquire ABB’s Robotics Division for $5.4B in Big AI Bet
Swiss industrial giant ABB has agreed to sell its robotics division to SoftBank Group for $5.375–5.4 billion, abandoning prior plans to spin it off publicly. The robotics unit employs around 7,000 people and generated $2.3 billion in revenue in 2024, representing about 7% of ABB’s total sales. Because demand in Asia has weakened and profitability…