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.
(With inputs from agencies.)