An announcement from ABB Ltd ( (CH:ABBN) ) is now available.
ABB Ltd announced its plan to spin off its Robotics Division as an independently listed company by the second quarter of 2026, aiming to enhance value creation and operational focus. This strategic move is expected to strengthen both ABB and the new entity by allowing more focused governance and capital allocation, thus improving customer value and growth potential. The Robotics Division, known for its intelligent automation solutions, will continue to build on its strong market position with a solid capital structure and regional production centers, contributing significantly to ABB’s overall sales and operational efficiency.
More about ABB Ltd
ABB is a leading global technology company specializing in electrification and automation, with a focus on creating sustainable and resource-efficient solutions. With over 140 years of history, ABB employs around 110,000 people worldwide and is listed on the SIX Swiss Exchange and Nasdaq Stockholm.
YTD Price Performance: -13.22%
Average Trading Volume: 578,969
Technical Sentiment Signal: Hold
Current Market Cap: CHF76.27B
Learn more about ABBN stock on TipRanks’ Stock Analysis page.