Tuesday, 02 January 2024 12:17 GMT

China Blocks Sale Of ABB Robotics Division To Softbank


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(MENAFN- Swissinfo) The planned sale of Swiss technology company ABB's robotics division to the Japanese technology group SoftBank has stalled. Select your language
Generated with artificial intelligence. Listening: China blocks sale of ABB robotics division to SoftBank This content was published on November 5, 2026 - 09:04 3 minutes Keystone-SDA
    Deutsch de ABB-Verkauf der Robotiksparte an Softbank durch China blockiert Original Read more: ABB-Verkauf der Robotiksparte an Softbank durch China bloc

The Chinese authorities have blocked the takeover of the business in China, the ABB announced on Thursday. This puts the multi-billion transaction in jeopardy.

In October 2025, ABB had agreed to sell the division to SoftBank for an enterprise value of around $5.4 billion. ABB stated that the Chinese authority responsible for security reviews of foreign investments had now blocked the takeover of the China business.

However, both companies remain in close contact and are working constructively on the transaction.

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