ABB keeping eyes open for large buys (translated)
ABB Ltd. (VTX:ABBN), the Switzerland-based power and automation technologies group, could make buys in the billions of Swiss francs, Handelsblatt reported. In a wide-ranging interview with the German daily, ABB Chief Ulrich Spiesshofer said buys in the billions are no problem as the group generates a lot of cash, but noted integration costs are also important.
Spiesshofer said he does not have to buy, but he is keeping his eyes open for targets. Spiesshofer did not name any potential takeover candidates.