Mumbai, Oct. 8 -- ABB announced it has signed an agreement to divest its Robotics division to SoftBank Group Corp. (TSE: 9984, SoftBank Group) for an enterprise value of $5.375 billion and not pursue its earlier intention to spin-off the business as a separately listed company. The transaction is subject to regulatory approvals and further customary closing conditions and is expected to close in mid-to-late 2026.

Published by HT Digital Content Services with permission from Capital Market....