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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. 16th January 2021 ABB Turbocharging manufactures and maintains turbochargers for 500kW to 80+MW diesel and gas engines on ships, power stations, yachts, super yachts, gen-sets, diesel locomotives and large, off-highway vehicles. Email: This email address is being protected from spambots. The new brand is centered around the company's purpose: Together we inspire, innovate & exceed expectations setting industry benchmarks for the benefit of all. Our dedicated team of experts provides 24/7 support, 365 days a year. Turbochargers enable significant improvements in efficiency, increasing engine output by up to 300% and thereby energy efficiency by up to 10%. Read the article online at: https://www.worldpipelines.com/business-news/16022022/accelleron-the-new-face-of-abb-turbocharging/. Credit Suisse will be acting as listing agent. The material and information contained on these pages and on any pages linked from these pages are intended to provide general information only and not legal advice. Accelleron is considered best-in-class when it comes to reducing fuel consumption and improving the emissions and green profile of its clients applications. Strong financial profile to invest for growth and reward shareholders They will be working with French design firm VPLP Design and the consultants from Alwena Shipping to refine the designs to meet the freight forwarder's expectations as they also develop and pursue selected logistics solutions for the vessel. For example, the International Maritime Organizations goal of halving GHG emissions from ships by 2050 is driving demand for efficient and sustainable technologies. Jun 2, 2023 2:10 PM by It also builds on the companys legacy of over 100 years in turbocharging, embodying the ambition to continue its development as a global market-leader in its sectors, helping the world succeed and move further in a more sustainable way. It is a leading company in its industry and preferred partner to an estimated 6,000 customers through its global service network in more than 50 countries. It also builds on the companys legacy of over 100 years in turbocharging, embodying the ambition to continue its development as a global market-leader in its sectors, helping the world succeed and move further in a more sustainable way. Learn more I agree. WebNow ABB Turbocharging is becoming independent and will operate under Accelleron in future. The Maritime Executive. Based in Baden, Switzerland, we have a well-established track record: weve been around for the past century as a trusted supplier to manufactures and operators. The suite helps to make timely, accurate, insight-driven decisions to achieve a high degree of optimization and control. Accelleron is leading in technology and commercial prototype projects with alternative fuels such as hydrogen, methanol, and ammonia. Certain parts of this website require Javascript to work. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. If it hasnt arrived after a few minutes, please check your spam folder. These industries make our world turn and we power them, reliably and sustainably, while also helping them decarbonize. This latest Copyright 2023 The Maritime Executive, LLC. The Maritime Executive. Turbochargers enable significant improvements in efficiency, increasing engine output by up to 300 percent and thereby energy efficiency by up to 10 percent. Under ideal conditions, ABBs turbochargers offer a further 2 percent improvement compared to the industry benchmark, amounting to $1 million in lifetime savings3 for a large container vessel. Forgot Unveiling the Accelleron brand is a seminal moment for our business. Accelleron develops, produces and services turbochargers and large turbocharging components for engines, which enhance propulsion and increase fuel efficiency while reducing emissions. By staying here you are agreeing to our use of cookies. 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WebABB TURBOCHARGER is a company based out of 1640 Marine View Dr Ste B, Tacoma, Washington, United States. For full functionality of this site it is necessary to enable JavaScript. ABB TURBOCHARGER | LinkedIn How clean energy firm EDL is delivering a more reliable service to Upgrades and new net-zero carbon fuel technologies are expected to support the strategic direction of the business in the next years. WebTo target high risk activities and assist its global service employees in conducting safer and more efficient field service operations for customers, ABB Turbocharging has editorial team With the global spotlight focused firmly on environment and sustainable energy, distributed energy producer EDL is poised for a period of unprecedented growth. ZURICH, July 20 (Reuters) - ABB will spin off its turbocharging business to its shareholders, the Swiss engineering and technology company said on Wednesday, Benefits Package very favorable. Accelleron the new face of ABB Turbocharging New brand first step on company's journey towards separate value creation Accelleron conveys ambition to Accelleron is a global leader in turbocharging technologies and optimisation solutions for 0.5 to 80+ MW engines, helping to provide sustainable and reliable power to the marine, energy, rail, and off-highway sectors. Published by Sara Simper, Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Environmentalists report that the animals, which are the largest toothed whale species is endangered in the Mediterranean in part due to the risk of being struck by large and fast-moving ships. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Increasing the air density (turbocharging) increase the power output of the engine. Thanks. Although each of ABB Ltd and Accelleron Industries Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. ABBs turbochargers reduce fuel consumption and hence CO2 emissions by an average of 405 000 t per yr for the shipping industry alone, while also playing a crucial role in balancing power for national grids, power extensions in emerging economies and microgrids as well as back-up power for critical infrastructure, e.g. Our advanced products are used in a wide-range of sectors including marine, energy and rail. We develop, produce and service turbochargers and digital solutions: these make engines more powerful and efficient, while also reducing emissions. Accelleron will be able to concentrate exclusively on reaching its full potential in the large engine industry where the company is known as the market leader in heavy-duty turbocharging, with a compelling growth profile, high cash generation and an attractive expected dividend policy. Our Standards: The Thomson Reuters Trust Principles. ABB yesterday announced that its turbocharging division (PA), a global leader in heavy duty turbocharging for diesel and gas engines, has unveiled its new brand name Accelleron, a compound word of Access Accelerate Excel on and on, with a bold new colour of bright purple representing a powerful, inspirational, and noble brand. Accelleron the new face of ABB Turbocharging | World Pipelines Accellerons listing on SIX Swiss Exchange in Zurich is planned for October 3, 2022, and is subject to, among others, approval by ABBs shareholders at an Extraordinary General Meeting scheduled for September 7, 2022. www.accelleron-industries.com, ABB (ABBN: SIX Swiss Exchange) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. ABB Completes Accelleron Spin-Off | Business Wire 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. WebFollowing a decision by its Board of Directors, ABB today announces its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, FindLaw Following a decision by its Board of Directors, ABB today announces its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, by way of a dividend in kind of Accelleron Industries Ltds shares to ABBs shareholders. With 100+ ABB-owned Service Stations worldwide and 200,000+ ABB turbochargers in operation across the globe on ships, power stations, gen-sets, diesel locomotives and large, off-highway vehicles, ABB Turbocharging is committed to: charge! Following the spin-off, Accelleron will be served by an experienced leadership team with deep and long-lasting expertise in the turbocharging field. Get started now for absolutely FREE, no credit card required. ABBs turbochargers reduce fuel consumption and hence CO2 emissions by an average of 405,000 tons per annum for the shipping industry alone, while also Accellerons potential is driven by its position, built on its very long track record, as a global market leader in heavy-duty turbocharging for mission-critical applications. In 2021, it achieved revenues of approximately $750 million and has over 2,300 employees worldwide, of which roughly 800 are located at its headquarter and global R&D center in Baden, Switzerland. You need JavaScript enabled to view it. Daniel Bischofberger as Chief Executive Officer and Adrian Grossenbacher as Chief Financial Officer are part of the Executive Committee. The turbochargers are produced, sold and serviced by Accellerons. Provided that the spin-off is approved at the EGM and the conditions precedent for it are met, ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB shares held. The new brand is part of ABBs portfolio management strategy to operationally separate the Turbocharging division before a final decision is made between a sale or a spin-off of the business towards the end of the first quarter. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The companys outstanding technological competence is increasingly important as pressure grows on its clients to decarbonise, and will remain so, as its turbochargers can also be implemented in alternative and low-carbon fuel applications and drive systems. The turbochargers are produced, sold and serviced by Accellerons 2,200 employees across its network of 100 service stations in approximately 50 countries. American Gas Association commends inclusion of key provisions on energy permitting reform in the Fiscal Responsibility Act of 2023. 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. Total savings: 562 tons CO2 x 720 units amounts to about 404,640 tons CO2 per year. ABB to spin off turbocharging business to shareholders | Reuters The Maritime Executive. In 2021, Accelleron generated revenues of USD 756 million with an operating margin of 25%. The Biden administration said on Friday it would stop issuing new oil and gas drilling leases within 10 miles of the Chaco Culture National Historic Park, a region central to Pueblo ancestral heritage in northwest New Mexico. The turbocharging business employs over 2,300 people and had around $750 million in sales during 2021. Following the spin-off, the company expects that its strong financial profile will allow it to remain at the forefront of innovation by continuing investing in R&D and strengthening partnerships with OEMs and end users as well as to offer attractive returns to its shareholders. Conventional engines would be up to four times their size without a turbocharger. In the case of a spin-off, Oliver is expected to become Chairman of Accelleron. Strong financial profile to invest for growth and reward shareholders. data centers. ABB turbocharging system ABB Group Accellerons technological pre-eminence is underpinned by market leading investments in research and development, representing approximately 7 percent of its 2021 revenues. The first practical application of turbochargers, which were invented by Swiss national Alfred Bchi, was for large marine engines built by Brown Boveri & Co. (now ABB) in 1924. WebABB 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 Accellerons spin-off from ABB. WebMilestones 2020 ABB Ability Genix Industrial Analytics and AI Suite combines the power of data management, domain knowledge, technology capabilities and implementation expertise. Save to read list Following the spin-off, the company expects that its strong financial profile will allow it to remain at the forefront of innovation by continuing investing in R&D and strengthening partnerships with OEMs and end users as well as to offer attractive returns to its shareholders. privacy notice. Please enable Javascript and reload the page. All quotes delayed a minimum of 15 minutes. var prefix = 'ma' + 'il' + 'to'; The turbochargers are produced, sold and serviced by Accellerons 2,200 employees across its network of 100 service stations in approximately 50 countries. Password. These results are comprised of resilient service revenues accounting for about 75 percent of 2021 revenues. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. ABB today announced that its Turbocharging division (PA), a global leader in heavy duty 4 1 vessel with ABB turbochargers save about 562 tons CO2 per year. ZURICH, October 03, 2022--(BUSINESS WIRE)--ABB 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 Accellerons spin-off from ABB. ABB Turbocharging Published For example, the International Maritime Organizations goal of halving GHG emissions from ships by 2050 is driving demand for efficient and sustainable technologies. Accelleron is leading in technology and commercial prototype projects with alternative fuels such as hydrogen, methanol, and ammonia. Under ideal conditions, ABBs turbochargers offer a further 2 percent improvement compared to the industry benchmark, amounting to $1 million in lifetime savingsfor a large container vessel. instructions how to enable JavaScript in your web browser. For more information, please read our Neither ABB Ltd nor Accelleron Industries Ltd intends to register any securities referred to herein in the U.S. var addy_textc33a6f6124673eed1d55de3e11d24f96 = 'investor.relations' + '@' + 'ch' + '.' + 'abb' + '.' + 'com';document.getElementById('cloakc33a6f6124673eed1d55de3e11d24f96').innerHTML += ''+addy_textc33a6f6124673eed1d55de3e11d24f96+'<\/a>'; ABB LtdAffolternstrasse 44 With an installed base of approximately 180 000 turbochargers and a network of more than 100 service stations worldwide, its innovative technologies and digital solutions give its customers the power to move further. data centres. With a history of excellence stretching back more than 130 years, ABBs success is driven by about 105,000 talented employees in over 100 countries. One key market driver- in Accelleron's industry is the trend towards decarbonization against the background of international and national regulations. Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated. Web3 Committed to market leadership ABB Turbocharging powering your performance through first-class products and services, dedication to excellence and total Embed article link: (copy the HTML code below): This article has been tagged under the following: This content is available to registered readers of our magazine only. Following the spin-off, the company expects that its strong financial profile will allow it to remain at the forefront of innovation by continuing investing in R&D and strengthening partnerships with OEMs and end users as well as to offer attractive returns to its shareholders. Following a decision by its Board of Directors, ABB has announced its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, by way of a dividend in kind of Accelleron Industries Ltds shares to ABBs shareholders. WebTo target high risk activities and assist its global service employees in conducting safer and more efficient field service operations for customers, ABB Turbocharging has implemented two new training programs. "This decision also forms a key part of ABB's active portfolio management while allowing our shareholders to actively participate in the future growth of this Swiss champion.". Kongsberg is also partnered in a number of pioneering projects in Norway that seek to be among the first to achieve autonomous shipping using vessels on the coast and in Norways fjords. Upgrades and new net-zero carbon fuel technologies are expected to support the strategic direction of the business in the next years. ABB Turbocharging In 2021, it achieved revenues of approximately US$750 million and has over 2300 employees worldwide, of which roughly 800 are located at its headquarter and global R&D centre in Baden, Switzerland. Is this happening to you frequently? Registered users can log in to accessmeaningful insights into the operations and performance of their assets. Entering text into the input field will update the search result below, sold its Dodge mechanical power transmission business for $2.9B. The spin-off is part of ABBs portfolio management strategy to focus its efforts on growing global megatrends in electrification and automation, while at the same time allowing Accelleron to grow with increased flexibility and independence as a stand-alone listed company. This will allow Accelleron to adopt an attractive dividend policy. See here for a complete list of exchanges and delays. Please check your email for a message to verify the email address used. For example, the International Maritime Organizations goal of halving GHG emissions from ships by 2050 is driving demand for efficient and sustainable technologies. We develop, produce and service turbochargers and digital solutions: these make engines more powerful and efficient, while also reducing It seems you have Javascript turned off in your browser. Copyright 2023 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | ABB www.abb.com. Further information on the transaction structure and other important dates in connection with the spin-off will follow in the invitation to the EGM and in the Shareholder Information Brochure prepared by ABB in relation to this process. Accellerons technological pre-eminence is underpinned by market leading investments in research and development, representing approximately 7% of its 2021 revenues. ABB did not give any figures on profitability, but has You can change these settings any time later by clicking "Change cookie settings" at the bottom of any page. Attorney Advertising. The listing of verdicts, settlements, and other case results is not a guarantee or prediction of the outcome of any other claims. WebABB 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 Accellerons spin-off from ABB. WebPeople Great! Provided that the spin-off is approved at the EGM and the conditions precedent for it are met, ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB shares held. For more information about our products and services, as well as contact information, visit our main website. Our strong track record and financial profile position the business to be a leader in the energy transition, developing cutting-edge products and services both now and far into the future; all while remunerating our shareholders.. This decision also forms a key part of ABBs active portfolio management, while allowing our shareholders to actively participate in the future growth of this Swiss champion.. ABB Turbocharger Published Provided that the spin-off is approved at the EGM and the conditions precedent for it are met, ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB shares held. Published 23 Jan 2020, By charge! Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50countries worldwide. It is a leading company in its industry and preferred partner to an estimated 6,000 customers through its global service network in more than 50 countries. ZURICH, October 03, 2022--(BUSINESS WIRE)--ABB announces that Accelleron Industries AG (formerly ABB Turbocharging), a global leader in high-power Accelleron is leading in technology and commercial prototype projects with alternative fuels such as hydrogen, methanol, and ammonia. addyc33a6f6124673eed1d55de3e11d24f96 = addyc33a6f6124673eed1d55de3e11d24f96 + 'ch' + '.' + 'abb' + '.' + 'com'; 2 Reference https://www.abb-conversations.com/2013/02/size-matters-sure-but-in-a-turbocharger-power-matters-more/3 Based on average fuel price of $500 per ton Called Safe Lifting and Working at Height, these programs are delivered to more than six hundred service personnel worldwide. Accellerons listing on SIX Swiss Exchange in Zurich is planned for October 3, 2022, and is subject to, among others, approval by ABBs shareholders at an Extraordinary General Meeting scheduled for September 7, 2022. ZURICH-- ( BUSINESS WIRE )--ABB announces that Accelleron Industries AG (formerly ABB Turbocharging), a global ABB Turbocharging is a technology and market leader in the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas Upgrades and new net-zero carbon fuel technologies are expected to support the strategic direction of the business in the next years. ABB (ABB +2.6%) said it has rebranded its turbocharging business as "Accelleron," and said it expected to make the final decision on whether to sell or spin it off the unit towards the end of Q1. by The business has a significant and increasing presence in key established and growth markets in Asia. Published Global market leader in the turbocharging sector ABB Turbocharging ABB today announced that its Turbocharging division (PA), a global leader in heavy duty turbocharging for diesel and gas engines, has unveiled its new brand name Accelleron, a compound word of: Access Accelerate Excel on and on, with a bold new color of bright purple representing a powerful, inspirational, and noble brand. In 2021, it achieved revenues of approximately $750 million and has over 2,300 employees worldwide, of which roughly 800 are located at its headquarter and global R&D center in Baden, Switzerland.

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