SoftBank to buy ABB’s robotics arm in $5.4 billion deal
Maria Simulescu
SoftBank Group agreed to acquire ABB’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on artificial intelligence and a global wave of data center construction. The Japanese investment firm agreed to take over a business with more than 7,000 employees, which supplies industrial arms and robots to manufacturers including BMW. Swiss conglomerate ABB — which originally aimed to spin off the unit — will instead focus on more
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