ABB looks to offload three business units that generate revenues of $1.75 billion

ZURICH: ABB plans to offload three business units that generate $1.75 billion in sales, the Swiss engineering company said on Thursday, equivalent to 6% of its annual revenue.

The company said it was "exploring all options" to exit turbocharging, mechanical power and power conversion, ahead of its first investor day under Chief Executive Bjorn Rosengren.