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Japan's SoftBank Group to acquire ABB's robotics business for $5.38bn

( October 8, 2025, 07:20 GMT | Official Statement) -- MLex Summary: Japan’s SoftBank Group said on Wednesday it has agreed to acquire the robotics business of ABB, a Swiss-based industrial-technology group that develops automation, electrification and robotics products for $5.375 billion. The deal is subject to customary regulatory approvals in the EU, China and the US, as well as other standard closing conditions. SoftBank expects to complete the transaction in mid-to-late 2026. The statement is attached....

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