Hyundai Marine Solutions selects Swiss Accelleron to deliver digital solutions for smart-shipping platform
Accelleron, the Swiss company that is a global leader in turbocharging technologies and forms part of the Sauber Group, has signed an agreement with Hyundai Marine Solutions (HMS) that simplifies access to its digital turbocharger optimisation.
LNG equipment-maker Accelleron completes spin-off from ABB with shares admitted to Swiss exchange
Accelleron Industries AG, a market leader in high-powered turbochargers used in LNG-fuelled ships, has been successfully spun-off from ASEA Brown Boveri (ABB), the Swiss-Swedish power technology group.
Accelleron’s shares are now trading on the SIX Swiss Exchange in Zurich under the ticker symbol “ACLN”.
The stock was first priced at 24.75 Swiss francs ($25.50) per share.
The listing follows the approval by ABB shareholders for the spin-off of Baden, Switzerland headquartered Accelleron at ABB’s extraordinary general shareholder meeting on September 7.
“As an independent business, Accelleron will now focus on implementing its own, independent growth strategy with an attractive cash generation profile,” said a statement.
“This will build upon Accelleron’s position as a market leader in heavy-duty turbocharging for the marine and energy industries,” it added.
The cruise liner “AIDAnova” was the first in its class to be operated on purely LNG fuel and uses Accelleron’s TPL-C turbochargers.
Legacy
“I am excited about the opportunities ahead, building on our 100-year legacy with ABB and our position as the market leader in high-power turbocharging,” said Oliver Riemenschneider, Chairman of Accelleron's Board.
“We have an impressive growth strategy driven by our leading technology and services offering, coupled with our commitment to research and development,” added Riemenschneider.
“I am confident that we are well positioned to take advantage of global megatrends and deliver compelling results for our stakeholders,” he stated.
The statement added that “sustainability” was at the center of Accelleron’s business as the company is a pioneer in reducing fuel consumption and improving the emissions profiles for customers.
“Accelleron is well placed to capitalize on the opportunities presented by renewable energy and sustainable transportation, with its best-in-class product portfolio, its leading R&D capabilities and its acknowledged innovation,” added company.
