ABB Completes Accelleron Spin-Off

• Accelleron shares admitted to begin buying and selling on SIX Swiss Exchange in the present day
• Transaction to permit each ABB and Accelleron to give attention to respective core methods and long-term worth creation for stakeholders
• ABB shareholders obtain 1 Accelleron share for each 20 ABB shares held

ABB publicizes that Accelleron Industries AG (previously ABB Turbocharging), a worldwide chief in high-power turbochargers for mission-critical purposes, has been admitted to begin buying and selling on SIX Swiss Exchange in Zurich underneath the ticker image “ACLN”, marking the completion of Accelleron’s spin-off from ABB. The itemizing 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 professional rata foundation, as a dividend in type, with 1 Accelleron share for 20 ABB Ltd shares held.

The spin-off is a part of ABB’s portfolio administration technique to focus its efforts on rising world megatrends in electrification and automation, whereas on the similar time permitting Accelleron to develop with elevated flexibility and independence as a stand-alone listed firm.

Björn Rosengren, Chief Executive Officer of ABB, mentioned: “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. 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.”

Accelleron is a worldwide chief in turbocharging applied sciences and optimization options for 0.5 to 80+ MW engines, serving to to offer sustainable, environment friendly and dependable energy to the marine, power, rail, and off-highway sectors. Through its revolutionary product choices and analysis management, the corporate accelerates the decarbonization of the industries it operates in. Accelleron has an put in base of roughly 180,000 turbochargers and a community of greater than 100 service stations throughout 50 nations worldwide.

ABB (ABBN: SIX Swiss Exchange) is a number one world expertise firm that energizes the transformation of society and trade to realize a extra productive, sustainable future. By connecting software program to its electrification, robotics, automation and movement portfolio, ABB pushes the boundaries of expertise to drive efficiency to new ranges. With a historical past of excellence stretching again greater than 130 years, ABB’s success is pushed by about 105,000 gifted staff in over 100 nations. www.abb.com

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