ABB has signed an agreement to divest its robotics division to SoftBank Group for an enterprise value of $5.375 billion and not pursue its earlier intention to spin off the business as a separately listed company.
The transaction is subject to regulatory approvals and further customary closing conditions and is expected to close in mid-to-late 2026.
Peter Voser, chairman of ABB, says: “SoftBank’s offer has been carefully evaluated by the Board and Executive Committee and compared with our original intention for a spin-off. It reflects the long-term strengths of the division, and the divestment will create immediate value to ABB shareholders. [Read more…] about ABB to sell its robotics division to SoftBank Group for $5.4 billion