Accelleron completes spinoff from ABB
By Mike Brezonick03 October 2022
Accelleron Industries AG, a global supplier of high-power turbochargers for mission-critical applications, announced that its spinoff from ABB has been completed. Accelleron’s shares have been admitted to begin trading on the SIX Swiss Exchange in Zurich, under the ticker symbol “ACLN.”
The listing follows the approval by ABB shareholders for the spinoff on Sept. 7. Accelleron is headquartered in Baden, Switzerland and active in 50 countries across the globe.
As an independent business, Accelleron said it will now focus on implementing its own, independent growth strategy, building upon its position as a major global supplier of heavy-duty turbocharging technology for the marine, energy, rail 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, chairperson 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.”