SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese investment firm’s interest in the burgeoning…
Tag
US5.4
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion deal. The deal marks a major push by SoftBank founder…
Modi launches US$5.4 billion rail project in Jammu and Kashmir
India’s Prime Minister Narendra Modi inaugurated the world’s tallest railway bridge connecting the restive Kashmir valley with the rest of the country on Friday (Jun 6), marking his first…