Softbank Hulls Up Robotics Portfolio with ABB Group Robotics Unit

The Japanese SoftBank Group is buying an Android company in investment as the financial giant says that artificial intelligence is the next border.

Softbank announced on Wednesday that it had acquired Zurich, based in Switzerland ABB robots unit for ABB for $ 5.375 billion. The deal is subject to organizational approval; Softbank predicts that the deal will be closed in the middle to 2026, according to a press statement. Sami Atia, head of the department, will Exit from the company Once the acquisition is completed, for each ABB group.

Abb’s Robotics employ about 7,000 people and sells a variety of robots and equipment, designed for tasks such as selection, cleaning and drawing. The company achieved 2.3 billion dollars in 2024, and represents 7 % of ABB. ABB announced plans for It revolves around the group of robots In April.

Softbank said she hopes to be able to “re -sign” in Abb’s Robotics Spinoff sales. The organization’s revenues amounted to 2024 $ 2.3 billion, a decrease of $ 2.5 billion in the previous year.

Softbank has built its investments and property in the past few years. Invest the entity in companies, including more old players like Atostore And startups, including Skild ai and Greater robots.

The company also launched its Robotics platform, Softbank Robotics Group, in 2014.

“The next border of Softbank is the material,” Massayoshi, Chairman and CEO of SoftBank told the company’s press statement. “Along with ABB Robotics, we will unify technology and global-level talent under our common vision to integrate super intelligence and artificial robots-leading a pioneering development that will push humanity forward.”

Robotics is one of the four areas of concentration for SoftBank, along with AI chips and artificial intelligence and energy data centers.

“The” Information Revolution “center has evolved from the personal, internet and wide computers center to smartphones, and it has now entered a new stage led by artificial intelligence,” Softbank said in its press statement. “In this context, (Softbank Group) has announced its task to achieve super artificial intelligence (ASI) for the progress of humanity.”

Techcrunch has access to Softbank for more information.