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Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide.ĪBB (ABBN: SIX Swiss Exchange) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries it operates in. We wish all the employees a successful future as a new exciting global brand under the excellent leadership of CEO Daniel Bischofberger and Chairman Oliver Riemenschneider.”Īccelleron is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable, efficient and reliable power to the marine, energy, rail, and off-highway sectors.
The spin-off is part of ABB’s portfolio management strategy to focus its efforts on growing global megatrends in electrification and automation, while at the same time allowing Accelleron to grow with increased flexibility and independence as a stand-alone listed company.ījörn Rosengren, Chief Executive Officer of ABB, said: “The completion of this spin-off marks another important step for ABB’s strategy of active portfolio management as we continue to focus on our leadership positions in electrification and automation, while still allowing our shareholders to participate in the continued success of the Accelleron business.
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ABB has distributed the Accelleron shares on a pro rata basis, as a dividend in kind, with 1 Accelleron share for 20 ABB Ltd shares held. The listing follows ABB shareholders’ approval of the spin-off at its Extraordinary General Meeting, held on September 7, 2022.
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