Deals & Cases
Spin-off and listing of Accelleron Industries Ltd
On October 3, 2022 ABB successfully completed the spin-off of Accelleron Industries Ltd ("Accelleron"), which operates ABB's former turbocharger business. Accelleron's shares have been admitted to start trading on SIX Swiss Exchange in Zurich, under the ticker symbol "ACLN" effective as of October 3, 2022. The listing follows the approval by ABB shareholders for the spin-off at ABB’s Extraordinary General Shareholders Meeting on September 7, 2022.
Accelleron 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. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries it operates in. With headquarters in Baden, Switzerland, Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide.
Lenz & Staehelin advised ABB and Accelleron in this transaction. The team included partners Hans-Jakob Diem (lead), Tino Gaberthüel and Simone Ehrsam (M&A/Corporate), Patrick Schleiffer (Capital Markets) and Peter Ling (Intellectual Property) and associates Patrick Schärli, Norman Walczak, Ann Francesca Weibel, Patrick Sattler and Rebecca Rötheli (all Capital Markets and M&A/Corporate).