SoftBank has struck a definitive deal to acquire ABB’s robotics business for $5.375 billion, doubling down on founder Masayoshi Son’s drive to fuse advanced AI with industrial robots.

ABB has healthy financials. The entire robotics and automated manufacturing industry is expected to experience sustained tailwinds. Its Price/Cash Flow of 32.23 indicates the company is presently ...

SoftBank Group will buy ABB's robotics business for $5.4 billion, aiming to integrate robotics with artificial intelligence. The move follows ABB's struggles in sales and profitability within the ...

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...

Tokyo-listed shares of SoftBank Group (OTC: SFTBY) (OTC: SFTBF) jumped as much as 13% after the Japanese giant agreed to acquire Swiss engineering firm ABB's (OTC: ABBNY) Robotics unit in a deal ...

Discover why ABB (ABBNY) is a Buy for 2025, capitalizing on electrification, data centers, and industrial automation growth.

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 ...

SoftBank says this acquisition will help it dive deeper into robotics as it considers physical AI to be the next frontier.

Developed initially for small parts assembly in the consumer electronics industry, ABB Robotics new YuMi fully collaborative, dual-arm, 14-axis robot handles payloads up to 500 g and is "precise ...

European tech giant ABB has agreed to divest ABB's robotics division to Japan's SoftBank Group for an enterprise value of $5.375 billion.

ABB, the leading power and automation technology group, introduced YuMi, the world’s first truly collaborative dual-arm industrial robot, at the world’s leading trade fair for industrial technology, ...

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...