Chinese Government Bans SoftBank’s Acquisition of Robotics Giant, Citing “Economic Security” #Expert Topic (Takaguchi Kota (高口康太)) - Expert

China’s division of ABB’s robotics business was blocked by a decision of the Chinese government as part of SoftBank Group’s planned acquisition of the business. ABB disclosed this fact on 5 November.

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The story

The China business portion of SoftBank Group’s (SBG) acquisition of ABB’s robotics business was suspended by Chinese authorities. According to the official announcement, the Chinese side did not approve this portion of the transaction on national security grounds relating to foreign capital.

ABB disclosed the decision on 5 November, and the acquisition of only the China division is understood to be affected.

At a glance

AcquirerChina’s division of ABB’s robotics business blocked in connection with SBG’s acquisition

Reason for the banSuspended by Chinese authorities on economic security grounds

TimingABB announced the decision on 5 November

ScopeOnly the acquisition of the China division is affected

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