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

ZURICH/TOKYO, Oct 8 (Reuters) - SoftBank Group (9984.T), opens new tab has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S), opens new tab in a $5.4 billion deal, as the ...

SoftBank's acquisition of ABB's robotics unit reflects billionaire Masayoshi Son's renewed interest in robots. The company ...

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 ...

The acquisition brings together SoftBank's AI know-how and ABB's robotics expertise as companies race to stay ahead of tech advances. Japan's SoftBank Group has agreed to acquire the robotics branch ...

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

ABB has announced that it is selling this business to SoftBank – a Japanese financial holding company with a heavy emphasis in technology. SoftBank owns significant stakes in major companies like ...

Originally introduced to handle highly repetitive, low-weight tasks such as machine tending, assembly, and smaller packaging operations alongside humans, collaborative robots (cobots) have been ...

ABB (OTCPK:ABBNY) will divest its robotics division to SoftBank (OTCPK:SFTBY) for an enterprise value of $5.375 billion and not pursue its earlier intention to spin off the business as a separately ...

Japanese tech giant SoftBank is acquiring ABB's robotics unit for $5.4 billion, signaling a major push into "Physical AI." This strategic move by SoftBank founder Masayoshi Son aims to bolster its AI ...