ABB’s decision to sell its robotics business to SoftBank for $5.4 billion raises a fundamental question: why exit one of the few industrial sectors almost universally expected to grow?
The company had previously considered spinning off the division as a standalone business but ultimately opted for a clean sale.
The move may provide ABB with capital to reinvest in its more profitable electrification and automation units, but it also means surrendering a foothold in a market with long-term potential. [Read more…] about Is ABB making a mistake selling its robotics division?