ABB to sell robots business to SoftBank in $5.38 billion deal
ABB on Wednesday said it has agreed to sell its robotics business to SoftBank Group in a deal that values the business at $5.38 billion. The deal means ABB has abandoned its decision to spin off and separately list the industrial automation business, which competes with Japan's Fanuc, Yaskawa and Germany's Kuka.
ABB on Wednesday said it has agreed to sell its robotics business to SoftBank Group in a deal that values the business at $5.38 billion. The deal means ABB has abandoned its decision to spin off and separately list the industrial automation business, which competes with Japan's Fanuc, Yaskawa and Germany's Kuka.
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