ABB Chairman says group is open to multiple large deals

ABB LTD-REG is intensifying its acquisition strategy, with Chairman Peter Voser indicating that the group is prepared to execute multiple multi-billion dollar transactions. The engineering firm, headquartered in Switzerland, is looking to accelerate growth following a period of significant divestments. With a current market capitalization of approximately 125 billion Swiss francs ($159 billion), the company is evaluating targets ranging from several hundred million dollars to much larger strategic acquisitions.

"If you look at our balance sheet and the cash flow we produce every year, and the $5 billion coming in from the robotics divestment, we could also do more than one larger deal," Voser stated during an interview at the company's Zurich headquarters.