SoftBank to Acquire ABB’s Robotics Business for $55 Billion
The Japanese conglomerate will buy Switzerland-based ABB’s robotics unit in a deal valued at 8.187 trillion yen, marking a major expansion into automation technology.
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Terms & Concepts
Robotics: The branch of technology involving the design, construction, and operation of robots for automation and various applications.
Acquisition: The act of one company purchasing another company or its business units.
Automation Technology: Technology that uses control systems and information technologies to reduce human intervention in processes.