EN zh-TW

newsio aggregates and links to original sources. We do not own the original images or content. If you believe content infringes on intellectual property rights, contact us — it will be removed at first notice.

business / news / / The Economic Times

ABB is open to significant acquisitions following its $5.4 billion sale of its robotics division to Softbank Group.

ABB plans to pursue significant acquisitions following its $5.4 billion sale to Softbank.

KEY POINTS
Synopsis ABB is open to significant acquisitions following its $5.4 billion sale of its robotics division to Softbank Group. CEO Morten Wierod stated the company aims to expand in electrification and automation, pursuing growth both organically and through inorganic means. ABB possesses the financial capacity for larger strategic deals. ABB is not ruling out making big acquisitions after the Swiss engineering group agreed to sell its robotics business to Softbank Group in a $5.4 billion deal, CEO Morten Wierod said on Wednesday. "We want to invest in the field of electrification and automation," Wierod told Reuters. "We want to grow both organically and inorganically." "We have firepower to do also bigger acquisitions, so we're not excluding bigger deals," he added. Also Read: ABB to sell robots business to SoftBank in $5.38 billion deal ...more Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Subscribe Now
COMPANIES
Read the full story on The Economic Times → →
Share X LinkedIn

Summarized by Newsio from The Economic Times. How we summarize →

RELATED 03
business · news · 11h 135

China's wholesale prices rose at the fastest pace in nearly four years in May.

  • China's producer price index rose 3.9% in May, the fastest increase since July 2022.
  • Wholesale prices were driven by higher raw material costs from the Iran war and AI investments.
CNBC →
business · news · 12h 136

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

  • Trump Media & Technology Group posted a net loss of US$1,086.15m on just US$3.73m revenue.
  • DJT's price-to-book ratio of 1.8x remains higher than the US industry average of 1x.
simplywall.st →
business · news · 19h 164

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.

  • Broadcom's cautious AI chip outlook and falling smartphone demand triggered the latest semiconductor sector crash.
  • Roughly $1.4 trillion in market value was erased from AI semiconductor stocks in the recent selloff.
The Economic Times →