Japanese conglomerate SoftBank said on Wednesday that it agreed to buy the robotics division of the Swiss-based engineering company ABB for $5.4 billion, in a push to strengthen its artificial ...

Zurich-based manufacturing giant ABB Ltd. is planning to invest $20 million and create 72 jobs at its Auburn Hills, Mich., plant in response to the growth of automation in the automotive industry and ...

ZURICH (Reuters) -Swiss engineering company ABB said it is seeing strong customer demand, particularly from a surge in new data centres being built in the U.S. to process artificial intelligence. ABB, ...

Japan's SoftBank Group agreed to purchase ABB's robotic business in a deal that values it at $5.38 billion, including debt, putting an end to the Swiss company's previous plans to spin off the unit.

SoftBank's plan to acquire ABB's robotics division for nearly US$5.4 billion by 2026 signals a significant shift in the global robotics landscape. The acquisition marks SoftBank's strategic move into ...