SoftBank Pursues New Robotics Venture with $5.4 Billion Acquisition
In a significant move, SoftBank announced today its intention to acquire ABB’s robotics division for $5.4 billion. This acquisition, pending regulatory approval, aims to enhance SoftBank’s position in the rapidly evolving robotics sector, reports 24brussels.
SoftBank’s acquisition will strengthen its existing portfolio of robotics investments, which includes stakes in companies such as Skild, AutoStore Holdings, and Agile Robots. The deal underscores the company’s strategic focus on innovation in robotics amid growing competition in the field.
Founder Masayoshi Son highlighted the company’s commitment to robotics, stating, “SoftBank’s next frontier is Physical AI,” signaling a robust plan to drive technological advancements that promise to benefit humanity. He stated this new vision is a fundamental aspect of the company’s broader strategy.
Robotics is one of four critical areas where SoftBank intends to invest heavily. The company aims to assert dominance in the artificial intelligence industry, also focusing on chips, data centers, and energy, as well as enterprises at the forefront of generative AI.
As the global landscape of artificial intelligence and robotics continues to evolve, SoftBank’s latest acquisition positions it to compete more effectively and innovate within these sectors. The company’s renewed focus on robotics comes as part of a larger strategy to capitalize on the growing demand for advanced technological solutions across various industries.
