White & Case advises ABB on carve-out of Accelleron Industries Ltd (ABB Turbocharging) in preparation for listing on SIX Swiss Exchange
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Global law firm White & Case LLP has advised ABB Ltd, a leading global technology company that is active in the fields of electrification, robotics, automation and motion, on the separation of Accelleron Industries Ltd (Accelleron) from ABB in preparation for its spin-off and listing on SIX Swiss Exchange.
Formerly known as ABB Turbocharging, Accelleron is a global leader in turbocharging technologies. Accelleron disposes of a global sourcing network supporting focused manufacturing operations that deliver around 10,000 turbochargers every year. As a market leader, Accelleron works with an estimated 6,000 customers annually including OEMs and end-users, and services an installed base of over 180,000 active units. The service business relies on a network of more than 100 service stations located in approximately 50 countries on all continents.
The White & Case team that advised on the transaction was led by partner Darragh Byrne (Frankfurt & Stockholm) and included partners Ingrid Wijnmalen (Frankfurt), Tilman Kuhn (Düsseldorf & Brussels), Thomas Christopher (New York) and Vivian Tsoi (Shanghai), and local partners Carlos Daroca (Madrid), Mathis Rust (Düsseldorf), Manal Al-Musharaf and Mohamed AlHasan (both Riyadh). The Firm's team that advised on the carve-out included local partner David Smith (Frankfurt) and associates Elin Brannstrom (Stockholm), Nick Hallemeesch (Brussels), Laura Ashoff (Berlin), Reem Gasir, Vasi Papadopoulos (both Dubai) Yulia Chembulatova (Frankfurt), Simon O’Connell-Schizas (Riyadh),Yan Yan, Chunlei Pang, Cong Liu, Rita Li (all Shanghai) and international attorney Tamar Gogiberidze (Frankfurt). Lawyers in a number of other White & Case offices in the Americas, EMEA and Asia-Pacific also supported the transaction.
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