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

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

    Published by Global Banking & Finance Review®

    Posted on January 21, 2025

    1 min read

    Last updated: January 27, 2026

    The featured image captures ABB CEO Morten Wierod at the World Economic Forum, discussing the company's anticipated growth momentum and potential acquisitions in the finance sector for 2025.
    ABB CEO Morten Wierod discusses growth and acquisitions in finance - Global Banking & Finance Review
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    Quick Summary

    ABB forecasts strong growth in 2025, driven by electrification and automation, and is considering acquisitions in energy management.

    ABB Anticipates Strong Growth and Acquisitions in 2025

    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)

    Key Takeaways

    • •ABB expects 5-7% growth momentum in 2025.
    • •Electrification and automation are key growth drivers.
    • •Booming data centre demand boosts growth prospects.
    • •ABB is exploring acquisitions in energy management.
    • •A new acquisition deal may be announced soon.

    Frequently Asked Questions about ABB CEO sees good growth momentum in 2025, looking at acquisitions

    1What is the main topic?

    The article discusses ABB's growth momentum in 2025 and potential acquisitions in energy management.

    2What are the growth drivers for ABB?

    Electrification, automation, and data centre demand are key growth drivers for ABB.

    3Is ABB planning any acquisitions?

    Yes, ABB is considering acquisitions in the energy management sector, with a potential deal soon.

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