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ABB Ltd ( (CH:ABBN) ) has provided an announcement.
ABB has announced the divestment of its Robotics division to SoftBank Group for $5.375 billion, opting against a previously considered spin-off. This strategic move is expected to create immediate value for ABB shareholders and aligns with ABB’s capital allocation principles. The divestment will allow ABB Robotics to combine its industry-leading technology with SoftBank’s advanced AI and computing capabilities, potentially strengthening its position as a technology leader. The transaction, subject to regulatory approvals, is anticipated to close by mid-to-late 2026, resulting in a significant pre-tax book gain and cash proceeds for ABB.
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 improve performance, efficiency, productivity, and sustainability. With a history spanning over 140 years, ABB employs around 110,000 people worldwide and is listed on the SIX Swiss Exchange and Nasdaq Stockholm.
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