By BasisPoint Insight
April 22, 2025 at 8:34 AM IST
ABB India Ltd.’s Switzerland-based parent company, ABB, has announced plans to spin off its robotics business and list it as a separate company named ABB Robotics in the April-June quarter.
The robotics division, which had approximately 7,000 employees, generated $2.3 billion in revenue in 2024, accounting for about 7% of ABB Group’s total revenue. Its operational earnings before interest, tax, and amortisation margin stood at 12.1%, as per ABB India's filing on Thursday, citing ABB’s statement.
ABB Chairman Peter Voser stated that the move to list ABB Robotics separately would optimise both companies' abilities to enhance customer value, grow, and attract talent. He also highlighted that ABB would continue to focus on its long-term strategy in electrification and automation.
Once shareholder approval is secured for the separation, ABB’s shareholders will receive shares in ABB Robotics as a dividend, proportional to their existing holdings.
ABB Robotics is a global leader in intelligent automation solutions, aiming to enhance productivity and flexibility while addressing operational challenges such as labor shortages. The company is set to be listed with a strong capital structure and operates through regional manufacturing hubs located in Sweden, China, and the United States.