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25 September 2022 The on-line newspaper devoted to the world of transports 07:55 GMT+2

September 7, 2022

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ABB shareholders have approved the spin-off of the Accelleron

The new company, active in the segment of turbochargers, will be listed on the SIX Swiss Exchange

Today the shareholders of the Swiss group ABB, which operates in the segments of electrification, automation, robotics and of the motion, approved the spin-off of Accelleron, the division active in the turbocharger segment intended mainly for maritime, energy, rail and off-road sectors. The Management Board's proposal to this effect is was welcomed by the extraordinary shareholders' meeting of the shareholders, in which 62.3% of the shareholders participated of the share capital entitled to vote, with 99.72% of the votes in favour of unbundling.

ABB to distribute an Accelleron share to its shareholders every 20 ABB shares held. The listing of Accelleron at SIX Swiss Exchange stock market in Zurich is expected to next October 3rd.

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