SoftBank acquires ABB's robotics business for $5.375 bn

SoftBank Group Corp. announced its agreement to acquire ABB Ltd.'s robotics business for $5.375 billion, aiming to accelerate its "Physical AI" vision. The acquisition, approved by SoftBank's board, is pending regulatory approvals in the EU, China, and the U.S., with an anticipated completion in mid-to-late 2026.

The acquired entity, to be newly established as a subsidiary via a carve-out from ABB, specializes in the development, manufacturing, and sale of industrial robots. The transaction underscores SoftBank's strategy to invest in AI chips, AI robots, AI data centers, and power, complementing its existing robotics investments like SoftBank Robotics Group Corp. and AutoStore Holdings Ltd.

ABB's robotics business reported revenues of $2,279 million, EBITDA of $313 million, and Operational EBITA of $277 million for the fiscal year ended December 2024. The acquisition is expected to leverage ABB's reliable brand, sales channels, and customer base to drive future growth in AI robotics.