ABB India has expanded its local production footprint with the launch of a new line for variable speed drive (VSD) modules at ...

Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich ...

ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse ...

SoftBank Group agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion. The move is part of a number of investments and acquisitions by SoftBank as it looks to position ...

ZURICH/TOKYO :SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse robotics and ...

Shares of ABB are now trading higher following the announcement. ABB’s robotics unit, which manufactures factory robots and industrial automation equipment, reported about $2.3 billion in revenue last ...

Japanese investment firm SoftBank announced on Wednesday that it had acquired ABB Group’s robotics business unit for $5.375 billion. The deal is subject to regulatory approval, and SoftBank expects ...

SoftBank CEO Masayoshi Son said the company aims to merge robotics with artificial superintelligence, advancing technology to benefit humanity. (EPA Images pic) Tech investment giant SoftBank Group ...

ABB ABBNY announced that it will sell its robotics division to SoftBank for $5.4 billion, shifting from its initial intention in April to spin off and list the division. The robotics business ...