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

SoftBank, the Japanese tech conglomerate, has announced the acquisition of ABB Group's robotics unit for $7.5 billion. This move aims to strengthen SoftBank's presence in the rapidly growing robotics industry, which the company sees as the next frontier in the world of physical AI. The acquisition will allow SoftBank to integrate ABB's cutting-edge robotic technologies and expertise into its own operations, expanding its capabilities in areas such as industrial automation, collaborative robots, and autonomous systems. This strategic move is part of SoftBank's broader vision to become a leading player in the global robotics market, which is expected to experience significant growth in the coming years. The deal is subject to regulatory approvals, and the companies have stated that they will work closely to ensure a smooth transition and integration process. This acquisition is a testament to SoftBank's commitment to investing in innovative technologies that have the potential to transform industries and shape the future of the global economy.