智通财经网·2025-10-08 07:51Core Viewpoint - ABB has agreed to sell its robotics business to SoftBank Group for an enterprise valuation of $5.375 billion, marking a strategic shift towards its core electrification and automation sectors while creating immediate value for shareholders [1][2] Group 1: Transaction Details - The transaction is expected to generate approximately $5.3 billion in net cash for ABB and result in about $2.4 billion in non-operating pre-tax book gains [1][4] - The deal will require regulatory approval and is anticipated to be completed in mid-2026 [1] - ABB will adjust its business structure into three segments post-transaction, with the robotics division's financial performance classified as "discontinued operations" starting from Q4 2025 [4] Group 2: Strategic Implications - The decision to sell rather than spin off the robotics business reflects the board's assessment of the long-term strengths of the division and the immediate value it can provide to shareholders [2][5] - ABB's chairman emphasized that the funds from the sale will be deployed according to established capital allocation principles, reaffirming the company's long-term strategy in electrification and automation [2] Group 3: SoftBank's Strategic Move - For SoftBank, this acquisition is a significant strategic move in the field of artificial intelligence, particularly in "Physical AI," aiming to integrate advanced technology and talent to drive a transformative revolution [1][3] - SoftBank's CEO stated the goal is to merge "artificial superintelligence with robotics technology," leveraging ABB's leading industrial technology and expertise [3] Group 4: Financial Impact and Performance - The robotics division generated $2.3 billion in revenue in 2024, accounting for approximately 7% of ABB's total revenue, with an operational EBITA margin of 12.1% [6] - The separation of the robotics business allows ABB to focus resources and management efforts on its core sectors, enhancing synergies and achieving performance goals [6]