The Swiss group Abb has announced that it will spin off the subsidiary Accelleron and will list the company on the Zurich stock exchange.The move had long been in the strategic plans of the company which prefers to focus on core activitiesGenoa - The Swiss group Abb has announced that it will spin off the subsidiary Accelleron and will list the company on the Zurich stock exchange.The move had long been in the strategic plans of the company which prefers to focus on core activities.Turbocharging in Genoa has a rather important center, with 34 employees.In the Ligurian capital there is the coordination center of the service stations of Venice, Caserta, Malta and Bulgaria: "The transaction will allow both Abb and Accelleron to focus on their respective strategies and on creating long-term value for their stakeholders. - explains the company in a note -. Abb shareholders will be able to realize the full value of Accelleron, while Abb will be able to focus on its main portfolio in the electrification and automation sectors ".Accelleron, the name recently taken from Abb's Turbocharging division, is the market leader in its sector, "it can focus on reaching its full potential in the large engine industry."Accelleron makes profits and generates liquidity.In the transaction, Abb shareholders will receive one Accelleron share for every 20 Abb shares owned.The spin-off is subject to the approval of Abb's Extraordinary General Meeting scheduled for September 7, while listing is scheduled for October 3.What are turbochargers? Accelleron develops, manufactures and maintains turbochargers, systems that improve propulsion and increase fuel efficiency while reducing emissions.Customers come from different sectors: marine, energy and rail.The Genoese unions are currently not alarmed by the move.They are waiting for more details on the operation: "In itself - explains the CGIL - the operation could also be positive. We are waiting for the company to clarify the strategy".Copyright © 2019 GEDI NEWS NETWORK SpA Via Ernesto Lugaro 15 - 10126 Turin - Share Capital € 195.088.788 - CF 06598550587 - VAT number 01578251009 - REA TO-1108914