ABB

Based in Zurich, ABB is widely regarded as one of Switzerland's flagship industrial operators. Its scale — about 105k people, around $32B in turnover — translates into genuine strategic weight across Europe.

Talent density and engineering culture have become a quiet competitive moat, particularly as the sector consolidates around fewer global champions.

“ABB is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.