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ABB CEO ready to make bigger acquisitions

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ZURICH, Nov 30 (Reuters) -ABB ABBN.S has an "enormous" pipeline of potential acquisitions it is examining, Chief Executive Bjorn Rosengren said on Thursday, with the Swiss engineering company also considering bigger deals than in recent years.

"If you asked me two years ago, are you going to make somewhat bigger acquisitions? I would probably say no," said Rosengren after ABB unveiled new sales and profitability targets at its investor day in Italy.

"If you would ask me today, what would that be on the radar screen... medium size divisional add-ons to the business areas? I would say maybe," he added

Reporting by John Revill; Editing by Sharon Singleton


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