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ABB Ltd ( (CH:ABBN) ) has provided an update.
ABB announced the departure of Sami Atiya, President of the Robotics & Discrete Automation business area, as part of its divestment of the Robotics division to SoftBank Group. This strategic move involves dissolving the Robotics & Discrete Automation business area by the end of 2025, with Atiya serving as a strategic advisor during the transition. This divestment is expected to position the robotics business for growth under SoftBank, capitalizing on opportunities in automation and AI across various industries.
The most recent analyst rating on (CH:ABBN) stock is a Buy with a CHF66.00 price target. To see the full list of analyst forecasts on ABB Ltd stock, see the CH:ABBN Stock Forecast page.
More about ABB Ltd
ABB is a global technology leader specializing in electrification and automation, with a focus on enhancing sustainability and resource efficiency. The company leverages its engineering and digitalization expertise to help industries achieve high performance and sustainability. With a history spanning over 140 years and a workforce of around 110,000 employees worldwide, ABB is publicly traded on the SIX Swiss Exchange and Nasdaq Stockholm.
Average Trading Volume: 2,078,477
Technical Sentiment Signal: Buy
Current Market Cap: CHF107.5B
Learn more about ABBN stock on TipRanks’ Stock Analysis page.