ZURICH (Reuters) -SoftBank Group said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal. The deal marks a major push by SoftBank founder and ...

ABB posted solid second-quarter results, with a book/bill above 1 times—at 1.2—showing a still-robust demand picture. The Chinese residential property sector was one of the few end markets showing ...

ABB, a Zurich-based automation technology provider, Wednesday opened a $20 million expansion to its U.S. robotics headquarters in Auburn Hills, Mich. The move comes as demand for automation grows not ...

ABB’s is the world’s among the world’s largest developers of industrial robots, with robots of multiple sizes and functions, autonomous mobile robots, programming software, and robotic applications.

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 ...

In a bold move to accelerate innovation in the robotics industry, ABB has announced a strategic partnership with Bank of America (BofA) and UBS. This collaboration marks a significant step for ABB, a ...

ABB is well-positioned for growth due to secular megatrends like electrification, automation, and robotics, despite recent share price declines and macroeconomic uncertainties. The planned spin-off of ...

Swiss conglomerate ABB is reevaluating plans to spin off its robotics division and is now exploring a possible sale instead, sources familiar with the matter said. The move represents a significant ...

Yesterday, ABB Ltd (OTC:ABBNY) disclosed the acquisition of Swiss start-up Sevensense for an undisclosed amount. The buyout of Sevensense, a provider of AI-enabled 3D vision navigation technology for ...

ABB Robotics and startup Molg are working together to create robotic microfactories to recover and recycle data center operators’ disused electronic equipment, or e-scrap. Citing research claiming ...

A new feature, called Ultra Accuracy, has been added to ABB’s GoFa cobot family to deliver what ABB says is “the highest level of precision available in cobots.” According to ABB, the robot path ...

ABB Ltd. plans to spin off and list its robotics unit in 2026, as the Swiss manufacturer aims to improve its least profitable division as a standalone company. The business, which makes industrial ...