ABB to Spin Off World's Second Biggest Robotics Business
ABB Robotics is a technology leader and provides intelligent automation solutions to help its global customer base achieve improved productivity, flexibility and simplicity to solve operational challenges including labor shortages and the need to operate more sustainably.
During its Q1 earnings call, Swiss automation and industrial group ABB announced that it plans to completely spin-off its ABB Robotics business into a separately publicly listed entity by the second quarter of 2026, with shares in the new company distributed to ABB investors as dividends. This will be the biggest shakeup at ABB since it sold its power grid business to Hitachi in 2018. ABB Robotics does not have synergies with other ABB businesses, but its upside due to labor shortages could be impacted by the current tariffs, as most ABB Robotics customers are in the automotive sector.
Reuters: ABB to spin off world's second biggest robotics business
