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M&A and Subsidiary Changes9984SoftBank Group Corp.Information and Communications, Services and Others

Update on the Acquisition of ABB Ltd's Robotics Business

Regarding the acquisition of ABB Ltd's robotics business, we received notification from the Chinese authorities prohibiting the acquisition of the China business. The acquisition is subject to regulatory approval and other conditions, and we will continue discussions with ABB on how to proceed.

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This transaction

The acquisition
CounterpartyABB Ltd
Disclosing companySoftBank Group Corp.
Subject of this transaction
Contract Date8 October 2025
Target company

Robotics Business

Location China
Procedures and assumptions
Conditions Precedent to ExecutionObtaining the necessary regulatory approvals and satisfying other customary closing conditions
This transaction
ItemDetails
Transaction nameThe acquisition
Counterparty nameABB Ltd
Business Description of the Subject CompanyRobotics Business
Location of the Subject CompanyChina
Contract Date8 October 2025
Conditions Precedent to ExecutionObtaining the necessary regulatory approvals and satisfying other customary closing conditions
Items this document does not state (26)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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The reasons the company gives

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A notification prohibiting the acquisition of ABB's robotics business in China was received on 4 November 2026 from China's Office of the Foreign Investment Security Review Working Mechanism.

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Update on the Acquisition of ABB Ltd's Robotics Business | SoftBank Group Corp. (9984) timely disclosure | Komori