ABB announced plans to spin off its robotics division in its largest portfolio shift since 2018, aiming for a separately ...

ABB, through the Mississippi Development Authority, announced this week it is investing more than $40 million to expand its operations in Senatobia. The expansion is expected to create 122 jobs.

Swiss industrial group ABB (ABBN.S) has announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business to Japan’s Hitachi (6501.T) in ...

ABB Group chair Peter Voser explained bosses believe an ABB Robotics spin-off will boost its ability to attract staff and grow.

ABB shares gained 3.5% in early trading following the announcement. CEO Morten Wierod said he saw a good long-term business for robotics due to rising labour costs and shortages of skilled staff.