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)
