BRIEF-SoftBank Group Corp - To Acquire ABB's Robotics Business For $5.375 Billion-February 2024-www.financetom.com

BRIEF-SoftBank Group Corp - To Acquire ABB's Robotics Business For $5.375 Billion

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BRIEF-SoftBank Group Corp - To Acquire ABB's Robotics Business For $5.375 Billion

Oct 7, 2025 11:09 PM

Oct 8 (Reuters) - SoftBank Group Corp:

* ACQUISITION OF ABB LTD'S ROBOTICS BUSINESS

* AGREED WITH ABB LTD TO ACQUIRE ABB'S ROBOTICS BUSINESS FOR

TOTAL

PRICE OF $5.375 BILLION

* ACQUISITION EXPECTED TO SIGNIFICANTLY STRENGTHEN SBG'S AI

ROBOTICS BUSINESS

* EXPECT ACQUISITION TO CLOSE IN MID-TO-LATE 2026

* CEO MASAYOSHI SON SAID 'TOGETHER WITH ABB ROBOTICS, WE

WILL

UNITE WORLD-CLASS TECHNOLOGY AND TALENT UNDER OUR SHARED VISION

TO FUSE ARTIFICIAL SUPER INTELLIGENCE AND ROBOTICS'

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