ABB to Sell Robotics Business to SoftBank
【Tech 24H】On October 8, global technology giant ABB Group officially announced an agreement with Japan's SoftBank Group to sell its leading robotics business unit in its entirety for an enterprise value of $5.375 billion. This decision marks a significant adjustment in ABB's strategic focus and also means the abrupt end of its previously planned spin-off and listing of this business. The transaction is expected to be completed in mid-to-late 2026, pending regulatory approvals and satisfaction of other customary closing conditions.
Editor:Zhang Liyan