Published by Global Banking & Finance Review®
Posted on January 21, 2025
1 min readLast updated: January 27, 2026
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ABB forecasts strong growth in 2025, driven by electrification and automation, and is considering acquisitions in energy management.
ZURICH (Reuters) - ABB sees good growth momentum in 2025 due to long term trends like electrification and automation and booming demand from data centres, Chief Executive Morten Wierod said on Tuesday.
"We will see for 2025, still a good growth momentum in line with our long term (target) of 5 to 7% growth," Wierod told CNBC in an interview on the sidelines of the World Economic Forum in Davos, Switzerland.
The Swiss engineering company would also continue to look at acquisitions, particularly in the energy management area, with a new deal possible this week, Wierod added.
(Reporting by John Revill)
The article discusses ABB's growth momentum in 2025 and potential acquisitions in energy management.
Electrification, automation, and data centre demand are key growth drivers for ABB.
Yes, ABB is considering acquisitions in the energy management sector, with a potential deal soon.
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