Here's the official announcement. I didn't play much of The Division; I had a lot of issues with it when I tried it during one of the free weekends. I suspect that, like Watchdogs 2, it just has issues with having second monitors on while you play it. But I'm looking forward to the sequel. Honestly I'm looking forward to the second wave of these recent Ubisoft games; Wildlands 2 should hopefully be a good improvement as well.
We're thrilled to announce that we are working on Tom Clancy's The Division 2, and that development will be led by Massive Entertainment in collaboration with Ubisoft Reflections, Red Storm Entertainment, Ubisoft Annecy, Ubisoft Shanghai and Ubisoft Bucharest. The Division 2 will be powered by an updated version of the Snowdrop engine that enables us to realize our ambitions for the sequel, but more importantly, we're also taking everything we learned over the past two years and applying it towards the sequel to make sure we get it right.