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Why did ABB decide to sell its robotics division?
ABB chose to sell its robotics division after years of declining profitability and subdued demand in Asia. The company aims to focus more on electrification and automation, streamlining its core business and shedding less profitable units.
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What does this sale mean for the future of robotics and automation?
This sale signals a shift in industry focus, with SoftBank aiming to accelerate its robotics and AI capabilities. It could lead to more innovation and competition in automation, but also reflects changing market dynamics and strategic priorities among major tech firms.
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How will SoftBank benefit from acquiring ABB's robotics division?
SoftBank plans to expand its robotics portfolio and integrate advanced AI technologies. The acquisition allows SoftBank to reignite sales, develop new automation solutions, and strengthen its position in the global robotics market.
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What are ABB’s strategic goals with this sale?
ABB's main goal is to concentrate on its core strengths in electrification and automation. Selling the robotics division helps ABB streamline operations, improve profitability, and focus on areas with higher growth potential.
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When will the deal between ABB and SoftBank be finalized?
The transaction is expected to close in late 2026, pending regulatory approval. This timeline gives both companies time to prepare for the transition and integrate the division into SoftBank’s broader strategy.
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How big is ABB’s robotics division and what does it do?
ABB’s robotics division employs around 7,000 people and generated approximately $2.3 billion in revenue in 2024. It focuses on industrial automation, robotics solutions, and manufacturing technology across various sectors.