Accelleron, a Global Leader in High-Power Turbochargers and an ABB Spin-Off, Becomes the Fifth Company to List on the Primary Market of SIX Swiss Exchange in 2022
- Oct 3, 2022
Today, Accelleron Industries AG (Ticker “ACLN") listed its shares on SIX Swiss Exchange. At an opening price of CHF 18.00 per share, the resulting market capitalization of Accelleron Industries was CHF 1.7 billion.
The spin-off from the Swiss/Swedish technology group ABB was carried out as a dividend-in-kind where existing ABB shareholders were allocated on a pro rata basis, as a dividend in kind, one (1) Accelleron share for twenty (20) ABB Ltd shares held. The issued share capital of Accelleron Industries AG comprises of 94’500’000 registered shares with a nominal value of CHF 0.01 each.
Oliver Riemenschneider, Chairperson of Accelleron's Board of Directors, comments: “Listing on SIX Swiss Exchange is a historic moment for Accelleron, as we begin to execute our strategy as an independent company with strong roots in Switzerland. We power industries that are critical for modern life, with our innovative technological solutions helping them to move further, more efficiently and more sustainably. High demand for Accelleron’s products and services is reflected by its strong financial profile with robust and recurring service revenues, and I am confident that the business will continue to build on its position as a global leader in high-power turbochargers.”
Jos Dijsselhof, CEO SIX, says: “I am delighted to welcome Accelleron Industries to our exchange. Accelleron conveys its claim to accelerate transformation for a better world and I am convinced that with today's listing on SIX Swiss Exchange, the company has reached an important milestone in order to be able to continue along this path in the future. I wish them every success on their further journey as a SIX-listed company.”
For more information about Accelleron Industries, please see www.accelleron-industries.com