Accelleron completes its successful spin-off from ABB with shares admitted to trading on Six Swiss Exchange
Accelleron’s shares have been admitted to start trading on SIX Swiss Exchange in Zurich, under the ticker symbol ‘ACLN’. The listing follows the approval by ABB shareholders for the spin off at an EGM of ABB’s shareholders held on 7 September 2022. Accelleron is headquartered in Baden, Switzerland and active in 50 countries around the world.
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Accelleron has completed its spin-off from ABB Photo: Accelleron
As an independent business, Accelleron will now focus on implementing its own, independent growth strategy, building upon Accelleron’s position as a market leader in heavy-duty turbocharging, supporting key industries such as the marine, energy and /off-highway sectors.
“Today is a historic milestone for Accelleron, marking the start of our journey as an independent company with strong roots in Switzerland,” said Oliver Riemenschneider, chair of Accelleron’s board of directors.
“I am excited about the opportunities ahead, building on our 100-year legacy with ABB and our position as the market leader in high-power turbocharging. We have an impressive growth strategy driven by our leading technology and services offering, coupled with our commitment to R&D. I am confident that we are well positioned to take advantage of global megatrends and deliver compelling results for our stakeholders.”
Sustainability is at the centre of Accelleron’s business. As a pioneer in reducing fuel consumption and improving the emissions profile of its clients, Accelleron is well placed to capitalise on the opportunities presented by renewable energy and sustainable transportation, with its best-in-class product portfolio, its leading R&D capabilities and its acknowledged power of innovation.
This technological strength is underpinned by Accelleron’s service business, supporting clients globally with a network of over 100 service stations, its comprehensive technology offering and the rapid availability of servicing.
High demand for Accelleron’s products and services is reflected by its strong financial profile with robust and recurring service revenues. The business will continue to explore new growth opportunities, strengthening partnerships with customers to enter adjacent sectors and build its presence in high-growth geographic markets, while also expanding its R&D capabilities, focusing on digitalisation and decarbonisation.
