Featured image courtesy of ABB. Electrification and automation manufacturing conglomerate ABB announced plans to spin off its robotics division, marking its largest portfolio shift since divesting its ...

Swiss technology company ABB Group plans to further strengthen its presence in China, the world's largest robotics market, through a series of artificial intelligence-driven innovations and new ...

Spurred by China's rapid advances in artificial intelligence, Swiss technology company ABB Group will ramp up its innovation efforts in the robotics sector to outpace its rivals in the country's ...

The deal will see ABB carve out its robotics business, which employs around 7,000 people and generated $2.3 billion in revenue in 2024, into a new holding company before transferring ownership to ...

ABB is open to significant acquisitions following its $5.4 billion sale of its robotics division to Softbank Group. CEO Morten Wierod stated the company aims to expand in electrification and ...

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 ...

TOKYO -- SoftBank Group on Wednesday said it will acquire the robotics business of Swiss-headquartered ABB for around $5.4 billion, expanding founder Masayoshi Son's push into artificial intelligence ...

The deal marks a major push by SoftBank founder and CEO Masayoshi Son into robotics, as he expands investment activity after a period of retrenchment. SoftBank, whose forays into robotics include the ...

ABB Ltd. has the appetite and firepower for acquisitions after the Swiss industrial giant agreed to sell its robotics unit to SoftBank Group Corp. for more than $5 billion. “We have today, especially ...

SoftBank Group of Japan has announced that it has reached an agreement to acquire the robotics unit of Swiss engineering company ABB for $5.4 billion (approximately €4.62 billion), a key milestone in ...

The acquisition brings together SoftBank's AI know-how and ABB's robotics expertise as companies race to stay ahead of tech advances. Japan's SoftBank Group has agreed to acquire the robotics branch ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.