ABB Shareholders Approve Accelleron Spin-off
ABB's shareholders overwhelmingly approved the spin-off of its Accelleron turbocharging division during the Extraordinary General Shareholders Meeting in Zurich. With 99.72% in favor, shareholders will receive one Accelleron share for every 20 ABB shares held. The listing of Accelleron on the SIX Swiss Exchange is set for October 3, 2022, with the prospectus to be published on September 23, 2022. Accelleron is recognized for its leadership in turbocharging technologies, supporting sustainable power across marine and energy sectors.
- 99.72% shareholder approval for the spin-off of Accelleron.
- Accelleron to be listed on the SIX Swiss Exchange on October 3, 2022.
- Accelleron is a leader in turbocharging technology, enhancing sustainability.
- None.
Accelleron’s listing on
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. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide. www.accelleron-industries.com
ABB (ABBN:
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This press release includes forward-looking information and statements, which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates”, “expects”, “believes”, “estimates”, “plans”, “targets”, “aims” or similar expressions. However, there are risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets or anticipated transactions. Some important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates, the impact of the financial performance of Accelleron, and such other factors as may be discussed from time to time in ABB Ltd’s filings with the
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FAQ
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