Japan's SoftBank Group (SBG) and Swiss heavy electrical firm ABB have signed an agreement for SoftBank to acquire ABB's robotics business for US$5.375 billion. According to reports from Nikkei and ...

SoftBank Group has reached an agreement to acquire the robotics business of Swiss engineering group ABB in a deal valued at $5.4 billion. The acquisition, announced on Wednesday (October 8), marks the ...

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...

Earlier this year, Automation World interviewed Marc Segura, president of ABB Robotics and we asked him about the news that ABB was planning to spin off ABB Robotics as a stand-alone business. He said ...

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.

Japanese investment group SoftBank said it’s paying $5.38 billion for the robotics division of Swiss-Swedish engineering company ABB to advance a bet on what it calls artificial super intelligence.

ZURICH (Reuters) -Swiss industrial group ABB on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business to Japan's ...

Japan's SoftBank Group agreed to purchase ABB's robotic business in a deal that values it at $5.38 billion, furthering the investment company's push into the business of artificial intelligence.