SoftBank Robotics Group
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SoftBank bulks up its robotics portfolio with ABB Group’s robotics unit
Yahoo Finance· 2025-10-08 14:10
Core Insights - SoftBank Group is acquiring ABB Group's robotics business unit for $5.375 billion, with the deal expected to close in mid-to-late 2026 pending regulatory approval [2][3] - The acquisition aligns with SoftBank's strategy to focus on physical AI as a new frontier, aiming to integrate advanced technology and talent in robotics [5][6] Financial Overview - ABB's robotics business generated $2.3 billion in revenue in 2024, accounting for 7% of ABB's total revenue, and saw a decline from $2.5 billion in the previous year [3] - The robotics division employs approximately 7,000 people and offers various robotic solutions for tasks such as picking, cleaning, and painting [3] Strategic Direction - SoftBank has been actively investing in the robotics sector, including established companies like AutoStore and startups such as Skild AI and Agile Robots, and launched its own robotics platform in 2014 [4] - The company identifies robotics as one of its four key focus areas, alongside AI chips, AI data centers, and energy [5]