ABB looks to pricing, acquisitions to boost process automation profit

ZURICHABB is aiming to additional elevate profitability in its course of automation enterprise via pricing, acquisitions and strict value administration, the Swiss engineering firm mentioned on Wednesday, forward of its capital markets day for the division.

The corporate mentioned it deliberate to develop the enterprise by serving to extra firms handle the vitality transition and boosting its digital enterprise.

“Course of Automation immediately already generates roughly $500 million in orders from industrial software program and digital providers and expects continued double-digit development on this space,” it mentioned in a press release.

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