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43 SoftBank to buy ABB Robotics for $5.38B to power its ‘Physical AI’ push

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Vishal Singh @ Silicon Canals 1 place · today 02:37 EDT

SoftBank to buy ABB Robotics for $5.38B to power its ‘Physical AI’ push

ABB has agreed to sell its Robotics division to SoftBank Group and change its reporting structure as part of the process. Zurich-based ABB, a technology company in electrification and automation, announced that it has signed an agreement to sell its Robotics division to SoftBank Group Corp for an enterprise value of $5.375B (nearly €4.62B).  The ... Read more

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