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illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: SoftBank has agreed to acquire Swiss engineering giant ABB’s robotics division in a deal valued at $5.38 billion, including debt
• This marks a major move by SoftBank to deepen its footprint in artificial intelligence and robotics, ending ABB’s previous plans to spin off the unit
🔭 The context: SoftBank, under CEO Masayoshi Son, has been strategically pivoting toward AI-driven technologies, following high-profile investments in chipmaker Arm and automation firms
• ABB, a global leader in electrification and industrial automation, had long intended to list its robotics arm but opted for a sale in response to market dynamics and SoftBank’s aggressive offer
🌍 Why it matters for the planet: Robotics and AI are key enablers for sustainable industry transitions, offering potential to reduce energy consumption, improve manufacturing efficiency, and lower emissions
• As SoftBank accelerates AI integration across sectors, its investments could scale intelligent automation with sustainability gains — if deployed responsibly
• However, risks remain around energy demand, labor displacement, and ethical governance
⏭️ What's next: The deal is expected to close in early 2026, pending regulatory approval. SoftBank is likely to integrate the acquired assets with its existing AI ventures to form a global AI robotics platform
• The acquisition may also intensify global competition in robotics, particularly with Chinese and U.S. players, while prompting ABB to reallocate resources toward its core automation and electrification businesses
💬 One quote: “This acquisition significantly strengthens our ability to lead in AI robotics at a global scale.” – SoftBank spokesperson
📈 One stat: $5.38 billion — the total value of the deal, including assumed debt.
See on illuminem's Data Hub™ the sustainability performance of SoftBank its peers Oracle, and Blackstone
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