ABB shareholders approve Accelleron spin-off

The shareholders of ABB approved the proposed spin-off of its Accelleron turbocharging division at today’s Extraordinary General Shareholders Meeting of ABB Ltd held in Zurich. ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB Ltd shares held. Handshake on a historic day for ABB and Accelleron: ABB Chairman Peter Voser (in the middle), ABB CEO Björn Rosengren (on the right) and Oliver Riemenschneider, Chairman of Accelleron. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions. Neither ABB Ltd nor Accelleron Industries Ltd intends to register any securities referred to herein in the U.S.