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ABB India Limited ( (IN:ABB) ) has issued an update.
ABB has announced the divestment of its Robotics division to SoftBank Group for $5.375 billion, opting not to pursue a spin-off as initially planned. This strategic move is expected to create immediate value for shareholders and aligns with ABB’s capital allocation principles. The transaction, subject to regulatory approvals, is anticipated to close by mid-to-late 2026. The divestment will allow ABB to focus on its core strengths in electrification and automation while leveraging SoftBank’s expertise in AI and next-generation computing to enhance the Robotics division’s market position.
More about ABB India Limited
ABB India Limited operates in the industrial technology sector, focusing on electrification, automation, robotics, and motion products. The company is known for its advanced technology solutions and services, catering to a wide range of industries globally.
Average Trading Volume: 15,228
Technical Sentiment Signal: Hold
Current Market Cap: 1105.4B INR
For detailed information about ABB stock, go to TipRanks’ Stock Analysis page.