China blocks SoftBank’s $5.375B ABB Robotics acquisition
ABB announced on November 5, 2026, that China’s Office of the Working Mechanism for Foreign Investment Security Review has barred SoftBank from acquiring ABB Robotics in China. The deal, valued at $5.375 billion, was part of ABB’s planned divestment of its robotics business, which it chose over a planned spin-off in October 2025. ABB’s chairman, Peter Voser, called the sale a value-creating move…
Key points
- China’s security review office blocked SoftBank from acquiring ABB Robotics in China, halting a $5.375B deal
- ABB chose the sale over a planned spin-off in October 2025, expecting $5.3B net cash and $2.4B pre-tax gain
- SoftBank’s acquisition was part of its *Physical AI* strategy, combining ABB’s robots with its own AI robotics investments
ABB Robotics, which reported $2.3 billion in revenue in 2024 and employed about 7,000 people, aligns with SoftBank’s broader strategy for Physical AI—a push into AI-powered robots, chips, and automation. The acquisition would have combined ABB’s industrial robotics expertise with SoftBank’s existing investments, including Berkshire Grey and Skild AI. However, the Chinese regulatory block complicates the deal, as it only prohibits ownership in China while SoftBank’s agreement covers the entire holding company. The outcome will determine whether ABB can finalize its separation and whether SoftBank can integrate the business into its AI robotics ambitions.
ABB Says China Barred SoftBank’s Purchase of ABB Robotics in China
Unite.AI · 5 November 2026
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