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SoftBank to Buy ABB’s Robot Business for $5.4bn
October 10, 2025
SoftBank Group has agreed to buy the robotics business of Swiss-based engineering group ABB in a $5.4bn deal with a strategy to fuse robotics and artificial intelligence. The acquisition, announced on Wednesday, is the latest by founder and CEO Masayoshi Son to establish Softbank as a core player in the development of artificial intelligence. Its recent investments in the sector include Berkshire Grey and AutoStore, besides also leading a $40bn funding round in ChatGPT-maker OpenAI and buying the chip design company Ampere for $6.5bn. ABB’s robotics division, which employs 7,000 people, generated sales of $2.3bn last year, equivalent to 7% of ABB’s total revenues. But the company saw limited crossover with the rest of its business, which focuses primarily on electrification and automation. In April, ABB had announced to its shareholders about plans to spin-off its robotics business, but instead decided to sell it as the SoftBank deal provided immediate liquidity. The transaction is expected to close in mid-to- late-2026 and will generate cash proceeds of roughly $5.3bn, according to ABB. The money will be spent on developing new technology and production capacity in electrification and automation, and could also fund new acquisitions, ABB CEO Morten Wierod said.
Softbank’s 6.5% 2029s are trading stable at 102.8 cents on the dollar, yielding 5.6%.
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