ABB Ltd. (SWX:ABBN) has carried out a portfolio review of its divisions to ascertain whether it is ultimately the best owner. As a result, ABB has decided to explore all options to exit three divisions, Turbocharging (Industrial Automation), Mechanical Power Transmission (Motion) and Power Conversion (Electrification). These divisions represent roughly $1.75 billion of combined annual revenues or approximately six percent of ABB’s total revenues. “All three divisions are high-quality businesses, with Operational EBITA margins above the group’s target margin corridor. In this process, we will seek the best value-accretive solution for ABB and those businesses and not put ourselves under time pressure,” said Chief Executive Officer Björn Rosengren. “Furthermore, portfolio reviews will continue to be a key element of the ABB Way.” ABB will increase the number of divisions to 20 as of January 1, 2021, due to a split in the Motion business area portfolio, while Industrial Automation will be renamed Process Automation to better reflect its customer base.