GBAF Logo
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

Add as preferred source on Google
ABB CEO Morten Wierod discusses growth and acquisitions in finance - Global Banking & Finance Review
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.
Global Banking & Finance Awards 2026 — Call for Entries

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

What is the main topic?
The article discusses ABB's growth momentum in 2025 and potential acquisitions in energy management.
What are the growth drivers for ABB?
Electrification, automation, and data centre demand are key growth drivers for ABB.
Is ABB planning any acquisitions?
Yes, ABB is considering acquisitions in the energy management sector, with a potential deal soon.

Related Articles

Image for Irish consumer sentiment hits fresh 3-year low in April

Irish consumer sentiment hits fresh 3-year low in April

Image for UK budget rules should seek to lower debt, parliament committee says

UK budget rules should seek to lower debt, parliament committee says

Image for Easter discounts lower UK shop price inflation in April, BRC survey shows

Easter discounts lower UK shop price inflation in April, BRC survey shows

Image for Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV

Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV

Image for Trading Day: Tech in a world of its own

Trading Day: Tech in a world of its own

Image for Berlin could kick off sale of energy firm Uniper by summer, sources say

Berlin could kick off sale of energy firm Uniper by summer, sources say

More from Finance

Explore more articles in the Finance category

Image for KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
Image for Austria ruling parties' outline budget deal includes higher corporate tax
Austria ruling parties' outline budget deal includes higher corporate tax
Image for Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Image for UK's car finance redress scheme faces legal challenge from consumer group
UK's car finance redress scheme faces legal challenge from consumer group
Image for UK public inflation expectations retrace in April, Citi/YouGov survey shows
UK public inflation expectations retrace in April, Citi/YouGov survey shows
Image for Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Image for Energy prices drag German consumer sentiment to three-year low, finds survey
Energy prices drag German consumer sentiment to three-year low, finds survey
Image for UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
Image for Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
Image for EU prosecutors investigate suspected COVID procurement fraud in Romania
EU prosecutors investigate suspected COVID procurement fraud in Romania
Image for Google gets pointers from EU regulators on helping AI rivals access services
Google gets pointers from EU regulators on helping AI rivals access services
Image for Entries Open: Investment Banking Head of the Year / Best Investment Banking Head 2026
Entries Open: Investment Banking Head of the Year / Best Investment Banking Head 2026
View All Finance Posts