Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 21, 2025

ABB CEO sees good growth momentum in 2025, looking at acquisitions

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)

Recommended for you

  • Germany's trade surplus with US reaches new record

  • Bank of England to cut interest rates only twice more, NIESR predicts

  • Global electric vehicle sales up 18% in January