ABB rebrands turbocharging business "Accelleron", decision expected in Q1

The logo of Hitachi ABB is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann

ZURICH, Feb 15 (Reuters) – Swiss automation group ABB (ABBN.S) on Tuesday rebranded its turbocharging business “Accelleron” and said it expected to make the final decision on whether to sell or spin it off towards the end of the first quarter.

“Whichever path is chosen by ABB to separate the business, this process should be completed in the first half of 2022”, the group said in a statement. read more

The separation of the business, which competes with Britain’s Napier, part of Wabtec, Germany’s KBB and Japan’s Mitsubishi Heavy Industries (7011.T), is part of ABB Chief Executive Bjorn Rosengren’s plan to focus the portfolio on electrification and automation.

The turbocharging business employs over…