SoftBank bulks up its robotics portfolio with ABB Group’s robotics unit

Japanese conglomerate SoftBank Group is expanding its robotics portfolio by acquiring ABB Group’s robotics business unit based in Zurich for $5.375 billion. The deal, expected to close by mid-to-late 2026 pending regulatory approval, involves ABB’s robotics division which employs around 7,000 people and generated $2.3 billion in revenue in 2024, accounting for 7% of ABB’s total revenue. ABB’s robotics unit offers a range of robots for tasks such as picking, cleaning, and painting. Following the acquisition, Sami Atiya, the division head, will leave the company. SoftBank aims to revitalize the robotics spinoff, whose revenue declined from $2.5 billion in 2023 to $2.3 billion in 2024. SoftBank has been steadily increasing its investments in robotics, including stakes in established companies like AutoStore and startups such as Skild AI and Agile Robots, alongside launching its own SoftBank Robotics Group in 2014