Accelleron Industries AG, a Swiss provider of high-power turbochargers yesterday announced that its spin-off from their now former parent company ABB has been completed. The company stated that their shares have already been cleared to start trading on the SIX Swiss Exchange in Zurich, under the ticker symbol “ACLN”. The listing follows the approval for the spin-off by ABB shareholders at ABB’s Extraordinary General Shareholders Meeting on 7 September 2022. Accelleron is headquartered in Baden, Switzerland and active in 50 countries across the globe.
As an independent business, Accelleron will now focus on implementing its own, independent growth strategy, building upon Accelleron’s position in the heavy-duty turbocharger market, supporting various industries, including the marine, energy and rail/off-highway sectors.