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SoftBank to buy ABB's robot business for $5.4 billion in push to merge AI and robotics

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 ...
DIGITIMES

SoftBank's acquisition of ABB's robot business reshuffles competition

Following SoftBank's acquisition of ABB's robotics business, the global industrial robot landscape has shifted from a ...
Bloomberg L.P.

SoftBank Shares Jump 13% as Bull Case Grows With ABB Robot Deal

SoftBank Group Corp.’s stock surged as much as 13% to a fresh intraday high as its plan to buy ABB Ltd.’s robotics arm boosted expectations for profit growth from artificial intelligence. The Japanese ...
Reuters

ABB expands robot line-up for China to tap mid-sized customers

ZURICH, July 2 (Reuters) - ABB (ABBN.S), opens new tab is launching three new families of factory robots designed specially for China, the Swiss engineering company said on Wednesday, as it aims to ...