SoftBank's Bold Robotics Acquisition: A $5.4 Billion Game Changer

SoftBank Group has agreed to acquire the robotics division of Switzerland's ABB for $5.4 billion. This move signifies a major foray into robotics by CEO Masayoshi Son, expanding SoftBank's investments in the sector despite previous retrenchment. The acquisition follows ABB's decision against spinning off its robotics unit.

In a strategic maneuver, SoftBank Group has announced the acquisition of Swiss engineering giant ABB's robotics business for a staggering $5.4 billion. This deal highlights SoftBank founder and CEO Masayoshi Son's renewed vigor in the robotics sector, marking an ambitious expansion of the company's investment portfolio post-retrenchment.

The acquisition is significant as SoftBank has been involved in robotics through projects like the humanoid robot Pepper, and investments in companies such as Berkshire Grey and AutoStore. ABB's decision to sell the robotics unit diverges from earlier plans to spin off the business amid competitive pressures from firms like Japan's Fanuc and Yaskawa and Germany's Kuka.

Under the leadership of ABB's CEO Morten Wierod, the move is poised to redefine the landscape of AI-based robotics, combining ABB's technological prowess with SoftBank's advanced capabilities. The sale, which is expected to close by mid-to-late 2026, is projected to generate approximately $5.3 billion in cash proceeds, earmarked for future investments and shareholder returns.

(With inputs from agencies.)