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Swiss engineering major ABB announced on Wednesday it will divest its robotics division to Japan's SoftBank Group Corp. for an enterprise value of nearly $5.4 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 is expected to close in mid-to-late 2026, the company said in a statement.

The divestment will create immediate value to ABB shareholders, Chairman Peter Voser said. "SoftBank’s offer has been carefully evaluated by the Board and Executive Committee and compared with our original intention for a spin-off," Voser said.

The company will deploy divestment proceeds in line with its capital

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