估值53.75亿美元！软银现金收购“工业机器人巨头”ABB的机器人业务

Core Viewpoint - The sale of ABB's robotics business to SoftBank for an enterprise value of $5.375 billion marks a strategic shift for ABB, allowing it to focus on its core electrification and automation sectors while providing immediate value to shareholders [3][4]. Group 1: Transaction Details - The transaction values ABB's robotics business at $5.375 billion and is expected to generate approximately $5.3 billion in net cash for ABB after transaction costs [3][9]. - ABB anticipates a non-operating pre-tax accounting gain of about $2.4 billion from the sale [3][9]. - The deal is subject to regulatory approval and customary closing conditions, with an expected completion in mid-2026 [3]. Group 2: Strategic Implications for ABB - ABB's decision to sell rather than spin off its robotics business reflects a careful evaluation of the long-term strengths of the robotics division and the immediate value it can create for shareholders [4]. - The company plans to deploy the proceeds from the transaction according to its established capital allocation principles, reaffirming its long-term strategy in electrification and automation [5]. Group 3: SoftBank's Strategic Focus - For SoftBank, this acquisition represents a significant strategic move into the field of "Physical AI," aiming to integrate world-class technology and talent to drive a transformative revolution [6][7]. - SoftBank's CEO, Masayoshi Son, emphasized the goal of merging "artificial superintelligence with robotics technology," leveraging ABB's leading industrial technology and expertise [7][8]. Group 4: Financial Impact and Business Structure - Following the transaction, ABB's business structure will be adjusted to focus on three core areas, with the robotics division's financial performance classified as "discontinued operations" starting from Q4 2025 [9]. - 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% [10].