Swiss technology firm Centiel plans to go public on the Swiss stock exchange in mid-April by merging with HT5, a holding company that is already listed there, targeting a market capitalisation of 166 million Swiss francs ($210.82 million), âthe companies â said â on Monday.
The approach allows Centiel to access public markets âthrough HT5's existing listing rather than through a conventional share offering.
The merged firm, to be named Centiel AG, will focus on manufacturing uninterruptible power supply (UPS) systems, which protect critical infrastructure from power outages or â grid fluctuations. It âcaters to the fast-growing data centre industry, hospitals, banks and the CERN nuclear research â centre.
Centiel posted a net profit of 8 âmillion francs on net revenue of 45.7 million âlast year. The compound annual revenue growth averaged 30% from 2023 to 2025.
The company forecasts mid-term net revenue growth of about 20%.
As part of the UBS-organized transaction, investors will be able to âacquire new shares and shares held by the company's founders worth up to 30 âmillion Swiss âfrancs.
Institutional investors â have already provided binding capital commitments to HT5, fully covering the planned stock offering, the company said.
Priced at 2.04 âSwiss francs per share, the transaction is scheduled to close on April 16, pending approval at HT5's annual general meeting on April 13.
($1 = 0.7874 Swiss francs)
The approach allows Centiel to access public markets âthrough HT5's existing listing rather than through a conventional share offering.
The merged firm, to be named Centiel AG, will focus on manufacturing uninterruptible power supply (UPS) systems, which protect critical infrastructure from power outages or â grid fluctuations. It âcaters to the fast-growing data centre industry, hospitals, banks and the CERN nuclear research â centre.
Centiel posted a net profit of 8 âmillion francs on net revenue of 45.7 million âlast year. The compound annual revenue growth averaged 30% from 2023 to 2025.
The company forecasts mid-term net revenue growth of about 20%.
As part of the UBS-organized transaction, investors will be able to âacquire new shares and shares held by the company's founders worth up to 30 âmillion Swiss âfrancs.
Institutional investors â have already provided binding capital commitments to HT5, fully covering the planned stock offering, the company said.
Priced at 2.04 âSwiss francs per share, the transaction is scheduled to close on April 16, pending approval at HT5's annual general meeting on April 13.
($1 = 0.7874 Swiss francs)
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