Softbank buys ABB robotics unit for $ 5.38 billion

by Andrea
0 comments

The Japanese group signed an agreement to acquire the Switzerland ABB robotics unit for $ 5.38 billion, which includes debt. The business ends ABB’s previous plan to make the split and opening of capital (spin-offin English) of your robotics unit.

According to ABB’s chairman, Peter Voser, the proposal was evaluated and compared to the original split intention. “It reflects the long -term force of the division and will create immediate value for ABB shareholders,” he said.

With the agreement, ABB’s head of robotics and discrete automation, Sami Atiya, will leave the company’s executive committee at the end of 2025 and will act as a strategic advisor for 2026.

Continues after advertising

The sale still depends on regulatory approvals and other usual conditions, with expected conclusion for the mid or end of 2026.

Source link

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC