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), the companies said on Monday.
The approach allows Centiel to access public markets through 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 grid fluctuations. It caters to the fast-growing data centre industry, hospitals, banks and the CERN nuclear research centre.
Centiel posted a net profit of 8 million francs on net revenue of 45.7 million last 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 acquire new shares and shares held by the company’s founders worth up to 30 million Swiss francs.
Institutional investors have already provided binding capital commitments to HT5, fully covering the planned stock offering, the company said.
Priced at 2.04 Swiss francs per share, the transaction is scheduled to close on April 16, pending approval at HT5’s annual general meeting on April 13.
Source: Economic Times