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SoftBank to buy ABB's robotics business in $5.4 billion deal

The logo of ABB is pictured at the Global Industries exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tabZURICH, Oct 8 (Reuters) - SoftBank Group (9984.T), opens new tab said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S), opens new tab in a $5.4 billion deal.The deal marks a major push by SoftBank founder and CEO Masayoshi Son into robotics as he expands investing activity af...

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