(RTTNews) - ABB said its Turbocharging division has unveiled its new brand name, Accelleron. The new brand is part of the company's portfolio management strategy to operationally separate the Turbocharging division before a final decision is made between a sale or a spin-off of the business towards the end of the first quarter. In the case of a spin-off, Oliver Riemenschneider is expected to become Chairman of Accelleron.
Accelleron is a global provider of turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines. It has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations worldwide. In 2021, it achieved revenues of approximately $750 million and has over 2,300 employees worldwide.
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