ABB initially planned to separate its robotics division into a separate company by 2026, but will now focus on more profitable areas, including electrification. For investors, the deal was unexpectedly profitable: the cost of a separate listing was estimated at less than $4 billion. ABB’s shares in Switzerland rose more than 3% to a record high.
The deal reflects SoftBank’s strategy to develop artificial intelligence and global data center infrastructure in partnership with OpenAI and Oracle. The Japanese company is also considering establishing large production centers for AI-enabled industrial robots in the United States.
SoftBank has formed a new holding company, Robo HD, to manage its robotics assets, bringing together more than a dozen portfolio companies, including developers of robotics and artificial intelligence models.
Source: Ferra
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