ABB completed the spin-off of its Accelleron turbocharging business.

ABB, a global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future, completed the spin-off of its Accelleron turbocharging business. "The completion of this spin-off marks another important step for ABB’s strategy of active portfolio management as we continue to focus on our leadership positions in electrification and automation, while still allowing our shareholders to participate in the continued success of the Accelleron business. We wish all the employees a successful future as a new exciting global brand under the excellent leadership of CEO Daniel Bischofberger and Chairman Oliver Riemenschneider," Björn Rosengren, ABB CEO.