Swiss technology and automation group AAB has sold its robotics division to Japanese investment company SoftBank, for USD5.38 billion, as it ditches its plans to spin off the business as a separately listed entity.

The sale is subject to regulatory approvals and customary closing conditions, with ABB saying it expects the deal to be finalised by mid to late-2026.

The company says there are “limited business and technology synergies between the ABB Robotics business and the remainder of ABB’s businesses, with different demand and market characteristics”.

ABB chairman, Peter Voser, explains: “SoftBank’s offer has been carefully evaluated by the board and executive committee and compared with our original intention for a spin-off”.

“It reflects the long-term strengths of the division, and the divestment will create immediate value to ABB shareholders,” Voser continues. 

“ABB will use the proceeds from the transaction in line with its well-established capital allocation principles. Our ambitions for ABB are unchanged and we will continue to focus on our long-term strategy, building on our leading positions in electrification and automation.”

Marc Segura, president of ABB Robotics Divisions, says the acquisition by Softbank places the business “amongst the leading technology players globally”.

“SoftBank’s mission is to realise artificial super intelligence (ASI) for the advancement of humanity,” Voser continues. “As part of this mission, it is actively investing and expanding its businesses in AI robots.  

“This acquisition is part of their strategy and a great fit for our business.” 

The ABB Robotics division has a workforce of around 7,000 and in 2024, accounted for 7% of ABB Group revenues with USD2.3 billion.

As of Q4 2025, the robotics division will be reported as discontinued operations.