Record-Breaking Revenue and Growth
Accelleron broke through the USD 1 billion revenue mark with revenues reaching USD 1.023 billion, increasing by almost 12% year-on-year. Operational EBITDA was up by 17% to USD 262 million, and net income grew by 63% to USD 179 million.
Successful Bond Issuance
Accelleron issued its first bond with proceeds of CHF 180 million, which was several times oversubscribed, reflecting strong confidence from capital markets.
Acquisitions and Market Expansion
Completed two bolt-on acquisitions: Italy's OMC2 and Canada's True North Marine (TNM), expanding capacity in fuel injection and capabilities in marine digital solutions. Integration of 120 new employees from these acquisitions.
High Market Share in LNG Segment
Accelleron achieved impressive market shares, with roughly 2/3 of LNG-fueled low-speed engines and over 90% market share with LNG carriers using Accelleron turbochargers.
Strong Service Business Growth
Signed 60 full-cover service agreements and doubled sales of TPX high-speed turbochargers to 2,600 units in 2024, driven by demand from data centers.