Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich ...

ABB Ltd (OTCPK:ABBNY) is evaluating a possible sale of its robotics unit as an alternative to a spinoff it announced last month. ABB (OTCPK:ABBNY) is close to hiring advisers for a potential sale as ...

The deal is expected to be finalised in mid to late 2026, subject to regulatory approvals and closing conditions. Japanese multinational investment company SoftBank Group Corp has announced plans to ...

ABB’s robotics unit, which manufactures factory robots and industrial automation equipment, reported about $2.3 billion in revenue last year, representing roughly 7% of ABB’s total revenue and about ...

Read more: Timeline: Switzerland and the war in the Middle East since October 7, 2023 UBS gaining support for compromise on Swiss capital rules Read more: UBS gaining support for compromise on Swiss ...

Japanese conglomerate SoftBank said on Wednesday that it agreed to buy the robotics division of the Swiss-based engineering company ABB for $5.4 billion, in a push to strengthen its artificial ...

Japan's SoftBank Group agreed to purchase ABB's robotic business in a deal that values it at $5.38 billion, including debt, putting an end to the Swiss company's previous plans to spin off the unit.

Swiss conglomerate ABB is reevaluating plans to spin off its robotics division and is now exploring a possible sale instead, sources familiar with the matter said. The move represents a significant ...

Orlando, Fla. — Orders are up 6 percent, and the integration of B&R Industrial Automation GmbH is on track for the Swiss engineering group ABB Ltd. ABB CEO Ulrich Spiesshofer has declared "the ...

ABB Ltd. has selected Bank of America Corp. and UBS Group AG to arrange a potential deal for its robotics unit, according to people familiar with the matter. The banks are working with ABB on ...

ABB Ltd (OTCPK:ABBNY) is evaluating a possible sale of its robotics unit as an alternative to a spinoff it announced last month. Swiss industrial group ABB last month announced plans to spin off its ...