ABB India Divests Robotics Arm in Mega Deal
ABB India announced the transfer of its robotics business to ABB Robotics India for Rs 1,568.20 crore via a slump sale. The move comes following shareholder approval and will be executed by March 1, 2026. This strategic decision aims to streamline operations and focus on core business areas.
- Country:
- India
ABB India is set to divest its robotics business, transferring it to subsidiary ABB Robotics India, in a transaction valued at Rs 1,568.20 crore.
This strategic decision was greenlighted by the board and approved by shareholders, marking a significant shift in the company's business strategy.
The business transfer agreement is scheduled for execution by March 1, 2026, ensuring alignment with the company's broader operational goals.
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