ABB Sells Robotics Business to SoftBank for $5.4 Billion
ABB, the Swiss-Swedish technology group, is selling its robotics business to the SoftBank Group for $5.4 billion. The deal, expected to close in mid to late 2026, involves ABB's Robotics & Factory Automation division, which employed around 7,000 people and generated sales of $2.3 billion in 2024, accounting for around 7% of ABB's total Group sales.
Sami Atiya, the current Head of Robotics & Factory Automation, will leave ABB to support the carve-out process as a strategic advisor. The original plan to spin off the robotics business as an independently listed company has been abandoned. ABB anticipates a non-operating pre-tax book gain of around $2.4 billion and cash proceeds of around $5.3 billion after transaction costs.
The sale of ABB's robotics business to the SoftBank Group is expected to close in mid to late 2026. The transaction is set to generate significant cash proceeds and a non-operating pre-tax book gain for ABB, marking a strategic shift for the company.
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