The transaction is expected to close in mid-to-late 2026 and generate cash proceeds of roughly $5.3 billion from the divestment, ABB said.
It said the money will be used towards its long-term capital allocation principles, which include investing in organic growth, acquisitions and returning capital to shareholders through dividends and share buybacks.
The robotics business, which employs 7,000 people, generated sales of $2.3 billion last year, equivalent to 7% of ABB’s total revenues, but ABB saw limited crossover with the rest of its business, which is largely focused on electrification and automation.
Robotics has struggled with subdued demand in Asia, with companies delaying capital investments due to economic uncertainty.
New installations remained largely unchanged at 542,000 units in 2024, according to the International Federation of Robotics.
