SoftBank bulks up its robotics portfolio with ABB Group’s robotics unit
Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich, Switzerland-based ABB Group’s robotics business unit for $5.375 billion. The deal is subject to regulatory approval; SoftBank predicts the deal will close in mid-to-late 2026 … Read more