SoftBank Acquires ABB’s Robotics Business for $5.4B

SoftBank has struck a definitive deal to acquire ABB’s robotics business for $5.375 billion, doubling down on founder ...
Automation World

ABB Invests in LandingAI to Apply Generative AI to Robotic Vision

The investment aims to achieve a reduction in robot vision deployment time of up to 80% and targets the logistics, healthcare ...
American Machinist

ABB Robotics Sold in Bid for Physical AI

SoftBank is paying $5.4 billion for the automation business, aiming to launch a combination of “technology and talent … to ...

ABB is said to eye acquisitions after $5.4B robotics sale to SoftBank

ABB ( OTCPK:ABBNY) is signaling that it has the balance sheet strength and ambition to pursue acquisitions following the surprise decision to divest its robotics division to Japan’s SoftBank Group for ...