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SoftBank to Acquire ABB Robotics for $5.4 Billion to Boost AI and Robotics Integration

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Source: ABB Group
SoftBank to Acquire ABB Robotics for $5.4 Billion to Boost AI and Robotics Integration
Photo: ABB Group
TL;DR

ABB is selling its Robotics division to SoftBank for $5.375 billion, aiming to leverage combined AI and robotics expertise, while using the proceeds to strengthen its core business areas and focus on electrification and automation.

Topics:business#abb#business#divestment#robotics#softbank#technology
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  1. ABB to divest Robotics division to SoftBank Group  ABB Group
  2. SoftBank shares soar 10% after it agrees to buy ABB robotics unit for $5.4 billion  CNBC
  3. SoftBank Expands AI Footprint With Multibillion-Dollar Robotics Deal  The Wall Street Journal
  4. SoftBank to buy ABB's robot business for $5.4 billion in push to merge AI and robotics  Reuters
  5. SoftBank bulks up its robotics portfolio with ABB Group’s robotics unit  Yahoo Finance

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