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 ...

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 ...

Japan's SoftBank Group has agreed to acquire the robotics branch of Swiss engineering company ABB for $5.37 billion (€4.62bn) as it pushes ahead with physical AI. Unlike digital AI, which works in the ...

SoftBank's acquisition of ABB's robotics unit reflects billionaire Masayoshi Son's renewed interest in robots. The company was behind the development of humanoid, Pepper, which was unveiled in 2014.

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 ...

The deal is expected to be finalised in mid to late 2026, subject to regulatory approvals and closing conditions. Japanese multinational investment company SoftBank Group Corp has announced plans to ...

SoftBank Group said today it has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal. The deal marks a major push by SoftBank founder and CEO Masayoshi Son into ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.

SoftBank Group Corp.’s stock surged as much as 13% to a fresh intraday high as its plan to buy ABB Ltd.’s robotics arm boosted expectations for profit growth from artificial intelligence. The Japanese ...

Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. ABB India Limited ( (IN:ABB)) has issued ...

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 ...