ABB Group plans to sell its robotics business, also known as ABB Robotics, to SoftBank Group, a Japanese technology conglomerate, for $5.375 billion, the companies say.
With this decision, ABB (Zurich, Switzerland) also cancels plans announced in April to spin off the robotics division as a separate listed company.
In addition to industrial, mobile and other robots, SoftBank's acquistion will give it access to some AI-enabled machine vision technologies designed to enable robots to “see” the world around them and act autonomously.
For example, ABB Robotics announced in September that is was investing an undisclosed sum in LandingAI (Mountain View, CA, USA), which markets a deep learning-enabled vision tool. ABB also had said it would integrate the tool from LandingAI into its own software suite.
Related: ABB Robotics Partners with LandingAI to Accelerate AI-Enabled Robotics Applications
Also in September, ABB launched OmniCore EyeMotion, AI-enabled machine vision software that enables object recognition, segmentation, and contextual understanding for robots, ABB says. The software tool streamlines the integration of any robot powered by OmniCore controllers with third-party cameras and sensors, ABB says.