One of the world’s largest industrial automation providers is changing owners. ABB Group today said it is divesting its ABB Robotics & Discrete Automation division to SoftBank Group Corp. for $5.375 ...

ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse ...

This article first appeared on GuruFocus. SoftBank Group Corp. (SOBKY) is making another bold move in its AI playbook. The Japanese conglomerate has agreed to acquire ABB Ltd.'s industrial robotics ...

SoftBank Group (SBG), led by Chairman Son Jeong-ui (Japanese name Masayoshi Son), said on the 8th that it had signed a contract to acquire the robotics business of Swiss conglomerate Asea Brown Boveri ...

ABB’s robotics division, which employs 7,000 people, generated sales of $2.3 billion last year, equivalent to 7% of ABB’s total revenues. But the company saw limited crossover with the rest of its ...

SoftBank Group reached a deal to acquire ABB’s industrial robot business for $5.4 billion, as chair Masayoshi Son steps up aggressive investments in AI data centres, chips and robotics. The deal is ...

The comprehensive study, titled " Data Center Robotics Market - Growth, Future Prospects, and Competitive Analysis, 2024-2032 ...