ABB India's board approves businesses divestment proposal
ABB India said that the board on Friday (11 June 2021) has granted in-principle approval for divestment/sale of company's turbocharger and dodge mechanical power transmission businesses. The turbocharger business is a part of the process automation business segment and the dodge mechanical power transmission business is a part of the motion business segment. The board's decision to review India businesses for potential divestment is in line with ABB Group's already announced ongoing systematic portfolio restructuring to strengthen competitiveness, focus on quality of revenue and higher growth...