ABB Ltd

ABBN: XSWX (CHE)
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ABB: SoftBank Group Set to Acquire ABB's Robotics Business at a Fair Price of $5.4 Billion

ABB announced that it will sell its robotics division to SoftBank for $5.4 billion, shifting from its initial intention in April to spin off and list the division. The robotics business contributed 7% to the group's sales. The transaction is expected to close in mid- to late 2026.

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