ABB announced plans to spin off its robotics division in its largest portfolio shift since 2018, aiming for a separately listed entity in 2Q26.
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Aurora Motors is U.S.-based provider of vertical motors with engineering and operations in Shanghai, China.
It expands ABB’s presence in the water segment and complements its portfolio with optical sensor technology.
With the sale, ABB said it has now completed all divisional portfolio divestments announced at the end of 2020.
A new distribution center will stock more than 5,000 electrical products and reduce delivery times to some customers by up to 50%, ABB says.
The Switzerland-based power and automation company reported sales of $7.9 billion, a 29% increase over the same period in 2020.
