SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026
SoftBank Group (9984.T) said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S) in a $5.4 billion deal.
Reuters John Revill
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Discussion
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@daveg
David Galbraith
on x
This is terrible for Switzerland and for Europe. The loss of leadership and a highly strategic asset in the world's most important manufacturing sector, going forward.
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@zephyr_z9
@zephyr_z9
on x
“We got all the leading robotics providers but we let them buy for scraps by Asian firms.” Not really Both those companies had completely shitty financials and that's why they got sold
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@andreasklinger
Andreas Klinger
on x
WTF This is genuinely terrible for Europe. We got all the leading robotics providers but we let them buy for scraps by Asian firms. KUKA to china ABB to japan 🤯