May 28, 2025 - 02:53
Automation company ABB is reportedly preparing a possible deal for its robotics unit. The company is collaborating with financial institutions to explore options for a spinoff or sale of the division, which is valued at approximately $3.5 billion. This strategic move comes as ABB aims to streamline its operations and focus on core areas of growth.
The robotics business has been a significant part of ABB’s portfolio, contributing to advancements in automation and manufacturing processes across various industries. However, the company is now contemplating whether a separation could enhance shareholder value and provide the robotics unit with greater operational flexibility.
Market analysts suggest that the sale could attract considerable interest from various buyers, given the increasing demand for automation solutions in an evolving technological landscape. As industries seek to improve efficiency and reduce costs, ABB’s robotics division could play a pivotal role in meeting these demands. The outcome of this exploration remains to be seen, but it signifies ABB's proactive approach to adapting to market dynamics.
June 13, 2025 - 21:32
Declining Business Tax Revenues Continue to Raise ConcernsSenate budget writers may be hopeful about future business tax revenues for the upcoming biennium, yet the figures from May reveal a troubling decline. Recent data indicates that business tax...
June 13, 2025 - 02:33
Brian Rolapp to Lead PGA Tour's New Commercial DivisionIn a significant move, Brian Rolapp, a prominent executive from the NFL, is set to transition to the PGA Tour as the inaugural CEO of its newly established commercial division. This appointment...
June 12, 2025 - 20:27
Complimentary Small Business Counseling Launches in Blowing RockBLOWING ROCK, NC — The Blowing Rock Chamber of Commerce is excited to introduce free small business counseling sessions, starting June 10. These sessions will be held biweekly on Tuesdays from...
June 12, 2025 - 10:03
Newport's Economic Leaders Introduce AI Resource for Local EnterprisesThe Newport Area Chamber of Commerce and the Newport Economic Development Commission (NEDC) are launching an innovative tool designed to support local businesses, landlords, and realtors. This new...