Acquiring Company
SoftBank Group
Acquired Company
ABB Robotics
Minato City
ZurichEnergyHardwareSoftwareMobileArtificial IntelligenceVenture CapitalAngel InvestmentConsultingInformation TechnologyRoboticsIndustrial AutomationDescription
China has told SoftBank it will not allow its US$5.4 billion acquisition of ABB's robotics division to proceed, according to a Financial Times report citing multiple people familiar with the matter. Reuters could not immediately verify the report.
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Frequently asked
Who acquired ABB Robotics?
ABB Robotics was acquired by SoftBank Group, based in Minato City. The deal was reported on November 5, 2026. SoftBank Group Corp. (Chairman & CEO: Masayoshi Son) Corporate and IR site provides company information such as our company profile, an overview of the company and Group companies, as well as IR and CSR. SoftBank Group is publicly traded (SFTBF) and operates in Energy.
When did SoftBank Group acquire ABB Robotics?
SoftBank Group's acquisition of ABB Robotics was reported on November 5, 2026. China has told SoftBank it will not allow its US$5.4 billion acquisition of ABB's robotics division to proceed, according to a Financial Times report citing multiple people familiar with the matter. Reuters could not immediately verify the report. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ABB Robotics do?
ABB Robotics is a division of ABB, a Swiss engineering company that specializes in robotics and automation technologies. It provides solutions that enhance productivity and efficiency in various industries. It is privately held, operating in Information Technology, and is based in Zurich.
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