ABB vs Loombotic
Side-by-side comparison of AI visibility scores, market position, and capabilities
Zurich industrial automation (NYSE: ABB) at $2.3B robotics revenue divesting to SoftBank for $5.375B (closing mid-to-late 2026); 140+ year history refocusing on electrification and motion control competing with Siemens for industrial automation.
About
ABB Ltd is a Zurich, Switzerland-headquartered industrial technology company — publicly traded on the New York Stock Exchange (NYSE: ABB) and SIX Swiss Exchange — providing electrification, motion control, process automation, and (pending divestiture) robotics solutions to utilities, industrial manufacturers, transportation, and infrastructure operators globally with approximately 110,000 employees. Formed in 1988 through the merger of Sweden's ASEA (founded 1883, launched the IRB 6 industrial robot in 1974) and Switzerland's Brown Boveri (founded 1891), ABB is undergoing a major strategic transformation: in 2025, ABB announced the divestiture of its ABB Robotics & Discrete Automation division (2024 revenue $2.3 billion, ~7,000 employees) to SoftBank Group Corp. for $5.375 billion, with the transaction expected to close mid-to-late 2026 — separating the robotics business to focus ABB on core electrification and motion segments.
Toronto automated wire harness factory (YC F24, 2024); 99% yields and 2x throughput from AI robotics targeting $200B manual harness market; ex-Tesla/Ericsson founders competing with Komax for EV and aerospace automation.
About
Loombotic is a Toronto, Ontario-based manufacturing automation company — backed by Y Combinator (Fall 2024 cohort) — building the world's first fully automated wire harness factory using AI-driven robotics to deliver precision wire harnesses in as little as 7 days for electric vehicle, aerospace, data center, and industrial automation customers. Founded in 2024 by CEO Ethan Breit (programming since age 8, former Ericsson embedded systems developer) and CTO Lucas Crupi (youngest SolidWorks expert at age 15, former Tesla Cybertruck battery design engineer), the founding team first met at the Canada Wide Science Fair and built together for six years before launching Loombotic. The 4-person company has achieved 99% manufacturing yields and 2x throughput improvements through lean manufacturing and Six Sigma methodologies applied to automated wire harness production, targeting the $200+ billion global wire harness market that has resisted automation despite advances in other manufacturing sectors.
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