{"id":32925,"date":"2026-03-16T09:59:15","date_gmt":"2026-03-16T09:59:15","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/32925\/"},"modified":"2026-03-16T09:59:15","modified_gmt":"2026-03-16T09:59:15","slug":"abb-open-to-more-than-one-big-deal-in-renewed-ma-drive-chairman-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/32925\/","title":{"rendered":"ABB open to &#8216;more than one&#8217; big deal in renewed M&#038;A drive, chairman says"},"content":{"rendered":"<p>Zurich: ABB is stepping up its acquisition drive and is open to pursuing more than one \u200bmulti-billion dollar transaction, Chairman Peter Voser told Reuters, \u200bas the Swiss engineering group looks to speed up growth after years of divestments.<\/p>\n<p>Voser said ABB, \u200bwhich has a market cap of 125 billion Swiss francs ($159 billion), was evaluating acquisitions of up to several hundred million dollars, but was prepared to &#8220;step up&#8221; to bigger deals for the right target.<br \/>&#8220;If you look at our balance sheet and the cash flow we produce every year, and the $5 billion coming \u200cin from the robotics \u2060divestment, \u2060we could also do more than one larger deal,&#8221; Voser said in an interview at ABB&#8217;s Zurich headquarters.<\/p>\n<p>Also Read: <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/news\/international\/business\/abb-open-to-more-than-one-big-deal-in-renewed-ma-drive-chairman-says\/articleshow\/economictimes.indiatimes.com\/tech\/artificial-intelligence\/abb-teams-up-with-nvidia-to-improve-factory-robot-training\/articleshow\/129334829.cms?from=mdr&amp;utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst\" target=\"_blank\" rel=\"nofollow noopener\">ABB teams up with Nvidia to improve factory robot training<\/a><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/118783427.cms.png\" width=\"90%\"\/>Live EventsThe comments point to a more aggressive acquisition focus by ABB \u200bafter years of sales, including the robotics division deal with SoftBank last year.<br \/>Voser declined to comment on reports that ABB had considered bidding for \u200bFrench electrical equipment maker Legrand, a transaction that would have been the Swiss group&#8217;s biggest ever. Legrand has a market value of around $43 billion.<br \/>&#8220;ABB has never done such a large deal but generally speaking I wouldn&#8217;t completely rule out a deal of that size \u200bin the future,&#8221; Voser said. However, he added that deals closer to its record $4.2 \u2060billion purchase \u200cof motor maker Baldor were more likely.<br \/>BOOSTING GROWTH WITH M&amp;A<\/p>\n<p>ABB, a competitor to Siemens and Schneider Electric, \u200bhas recently focused on \u200braising profit margins and offloading businesses outside electrification products used in areas like data centres and \u2060automation.<\/p>\n<p>Future deals would be focused on electrification, motion and automation, Voser said, with the \u200bcompany &#8220;constantly in negotiations&#8221; on smaller transactions, while larger deals remain an active topic at board \u200band executive committee level.<\/p>\n<p>&#8220;We want to grow organically by 5-7% on average per year, but we have aspirations to grow more, and that will come through M&amp;A,&#8221; he said, referring to sales.<\/p>\n<p>MIDDLE EAST CRISIS COULD HIT GLOBAL DEMAND<\/p>\n<p>While ABB has so far seen no major negative effects from the Middle East conflict, which began on the last day of February, Voser, a former CEO of energy firm Shell, warned the crisis risked an energy hit to the global economy, hurting demand and investment if it persists.<\/p>\n<p>&#8220;The longer \u200cit lasts, the more the global economy will suffer &#8211; you will get energy shortages, prices will go up, and that should have a direct impact on demand,&#8221; he said.<\/p>\n<p>Also Read: <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/m.economictimes.com\/news\/international\/business\/abb-open-to-more-than-one-big-deal-in-renewed-ma-drive-chairman-says\/articleshow\/economictimes.indiatimes.com\/industry\/indl-goods\/svs\/engineering\/abb-to-invest-7-5-crore-in-india-to-expand-manufacturing-rd\/articleshow\/129319007.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst\" target=\"_blank\" rel=\"nofollow noopener\">ABB to invest $75 million in India to expand manufacturing, R&amp;D<\/a><\/p>\n<p>Voser said that even if the conflict ended \u200bsoon, complex energy \u200bsystems would take time to restart. <\/p>\n<p>&#8220;To restart \u2060a refinery is not a one-day show; it will take one or two months before the whole global energy supply system would be fully working again,&#8221; he said.<\/p>\n<p>Still, the executive, who is also an IBM board member, remained optimistic about demand tied to \u200belectrifying data centres that support artificial intelligence workloads, which has been a leading growth driver.<\/p>\n<p>But he cautioned that some debt-funded AI companies without revenue may not survive, potentially creating credit stress, particularly in the United States.<\/p>\n<p>The 67-year-old executive, who has been ABB chairman since 2015, also signalled a board refresh starting next year, opening the way for his potential departure in 2028 when he turns 70.<\/p>\n<p>&#8220;We&#8217;re planning to make some changes to the board and then obviously at some stage my time comes as well,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Zurich: ABB is stepping up its acquisition drive and is open to pursuing more than one \u200bmulti-billion dollar&hellip;\n","protected":false},"author":2,"featured_media":32926,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[130],"tags":[232,18752,19617,19614,19612,19616,19613,19615],"class_list":["post-32925","post","type-post","status-publish","format-standard","has-post-thumbnail","category-abb","tag-abb","tag-abb-acquisitions","tag-baldor-purchase","tag-electrification-and-automation","tag-ma-strategy","tag-middle-east-conflict-impact","tag-multi-billion-dollar-deals","tag-robotics-divestment"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116238271390602502","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/32925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=32925"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/32925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/32926"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=32925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=32925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=32925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}