M&A
EU clears SoftBank's $5.4 billion ABB Robotics deal, a price of 17 times EBITDA to give its robot AI a body
The European Commission cleared SoftBank Group's purchase of ABB's robotics division, valued at USD 5.375 billion, under its simplified procedure on 11 March 2026. The price equals 17.2 times the division's 2024 EBITDA, while the floor valuation of Skild AI, whose round SoftBank led in January, is 2.6 times as high. Approvals in China and the United States remain, and both companies expect closing in mid-to-late 2026.