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1 year ago
SoftBank Acquires ABB Robotics Unit for $5.4 Billion to Boost AI Capabilities
News Summary
SoftBank Group, a Japanese multinational investment firm, has announced its acquisition of the robotics business of ABB, a Swiss-Swedish engineering giant, for approximately $5.4 billion. This strategic move is part of SoftBank’s broader plan to enhance its physical AI capabilities. The deal highlights SoftBank’s continued investment in cutting-edge technology sectors, aiming to leverage ABB’s expertise in robotics to advance its technological offerings and market position globally.
Story Coverage
ft.comSoftBank to buy ABB’s robotics unit in $5.4bn deal
Read Full Article →asia.nikkei.comSoftBank to buy ABB's robotics unit for $5.4bn in 'physical AI' push
Read Full Article →siliconrepublic.comSoftBank to acquire ABB robotics unit in multibillion-dollar deal
Read Full Article →investing.comABB to sell robotics business to Japan's Softbank in $5.4 billion deal
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