ZURICH, (Reuters) – ABB aims at further increasing profitability in its automation business via pricing, acquisitions and strict costs management. The announcement was made by ABB on Wednesday ahead of its Capital Markets Day for the division.

It stated that it would grow the business by helping companies to manage the transition to renewable energy and by increasing its digital presence.

According to a statement, Process Automation said that it has generated orders worth approximately $500 million from digital and industrial software. It expects double-digit growth.