Swiss industrial group ABB (ABBNY) plans to spin off its entire robotics division, the world's second-largest industrial robotics business.

The robotics division employs about 7,000 people and generated $2.3 billion in revenue last year, about 7% of the group total. ABB backed its guidance for the year, but said that business uncertainty ...

ABB announced today that it will launch a process to propose to its Annual General Meeting 2026 to decide on a 100 percent spin-off of its Robotics division. The intention is for the business to start ...

ABB on Thursday reported better-than-expected profit during its first quarter as the Swiss industrial group said it also ...