ABB completes Accelleron spin-off

October 04, 2022

Accelleron shares admitted to start trading on SIX Swiss Exchange todayTransaction to allow both ABB and Accelleron to focus on respective core strategies and long-term value creation for stakeholdersABB shareholders receive 1 Accelleron share for every 20 ABB shares heldABB announces that Accelleron Industries AG (formerly ABB Turbocharging), a global leader in high-power turbochargers for mission-critical applications, has been admitted to start trading on SIX Swiss Exchange in Zurich under the ticker symbol “ACLN”, marking the completion of Accelleron’s spin-off from ABB. The listing follows ABB shareholders’ approval of the spin-off at its Extraordinary General Meeting, held on September 7, 2022. 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. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels.

The source of this news is from ABB

Featured Jobs