ABB, one of the world’s largest industrial robotics and automation companies, has announced plans to spin off its “Robotics & Discrete Automation” business into a separate, publicly listed entity.
According to ABB chairman Peter Voser, the move is intended to give the robotics business enhanced focus and agility, enabling it to capitalize on what ABB sees as a $112 billion market opportunity by 2030.
It’s a bold move by ABB and we will see how – or indeed if – it works out. [Read more…] about Is spinning off a business a smart move? The ABB case and lessons from other corporate breakups