Swiss industrial giant ABB says it is planning to spin off its robotics division, establishing it as an independent, publicly traded company by the second quarter of 2026.
This strategic move aims to enhance focus and agility for both ABB and the new entity, provisionally named “ABB Robotics”.
ABB’s robotics division, recognized as the world’s second-largest industrial robot manufacturer after Japan’s Fanuc, reported revenues of $2.3 billion in 2024, accounting for approximately 7 percent of ABB’s total sales. [Read more…] about ABB to spin off robotics division, creating standalone public company by 2026