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 ...
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ABB to spin off robotics business
Swiss industrial group ABB (OTCPK:ABBNY) plans to spin off its entire robotics division, the world's second-largest industrial robotics business. It generated sales of $2.3B in 2024, equivalent to 7% ...
ZURICH, April 17 (Reuters) - Swiss industrial group ABB (ABBN.S), opens new tab on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its ...
The Pepper humanoid robot developed by SoftBank. SoftBank Group—controlled by Japan’s richest person, Masayoshi Son—has agreed to buy the robotics unit of Swiss industrial giant ABB Ltd. for $5.4 ...
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 ...
I recommend ABB Ltd as a Buy with a $64.39 price target, driven by strong market opportunities in automation, electrification, and data centers. ABB's planned divestiture of its robotics unit could ...
SoftBank Group's agreement to acquire the robotics division of Switzerland's ABB for approximately US$5.4 billion is a significant strategic move. The deal highlights Japan's increasing dominance in ...
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 ...
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