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SoftBank Group is set to acquire Swiss company Gravis Robotics as part of its strategy to expand in the AI-powered robotics sector. The deal could involve multiple stages and exceed a valuation of $500 million, reinforcing SoftBank's commitment to integrating AI in industrial applications. Gravis Robotics focuses on automating construction equipment, aiming to improve efficiency and reduce manual operations at construction sites.
Company Information
Company
SoftBank Group
Location
Minato City, Tokyo, Japan
About
SoftBank has this year executed the sale of about a third of its Alibaba stake through these contracts, a type of derivatives that allows the Japanese company to raise cash immediately while retaining the possibility of holding on to the shares, the report said.
Minato City
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