ABB to Divest Robotics Division to SoftBank for $5.375 Billion
ABB agreed to sell its Robotics division to SoftBank for $5.375 billion, pending regulatory approvals. The deal aims to refocus ABB on electrification and automation. Challenges include Chinese regulatory hurdles, but discussions continue. ABB is a global tech leader with 110,000 employees, traded on SIX and Nasdaq Stockholm.


