Swiss high-power turbocharger company Accelleron Industries’ spin-off from ABB has been successfully completed, and its shares have been admitted to start trading on the Swiss Exchange in Zurich.
The stock exchange listing follows the approval by ABB shareholders for the spin off. Accelleron, as the former ABB Turbocharging division is now known, is headquartered in Baden, Switzerland and active in 50 countries across the globe. As an independent business, Accelleron will focus on implementing its own, independent growth strategy with an attractive cash generation profile. This will build upon Accelleron’s position in heavy-duty turbocharging, supporting industries including marine.
Oliver Riemenschneider, Chairman, Accelleron’s Board of Directors, said: “Today is a historic milestone for Accelleron, marking the start of our journey as an independent company with strong roots in Switzerland. 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. With its experience in reducing fuel consumption and improving the emissions profile of its clients, Accelleron can capitalise on the opportunities presented by sustainable transportation. This technological strength is underpinned by Accelleron’s service business, supporting clients with a network of over 100 service stations.
High demand for Accelleron’s products and services is reflected by its strong financial profile with robust and recurring service revenues. Going forward, 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.
