Accelleron’s OMT to acquire OMC2 to expand production capacity
Press release | Baden, Switzerland | Jul 1, 2024
- Accelleron’s OMT to acquire OMC2 – an Italian manufacturer of four-stroke fuel injection components
- The acquisition enlarges OMT’s manufacturing base responding to growing demand of fuel injection systems
- Acquiring OMC2 strengthens OMT’s position as a leading supplier and innovator in the fuel injection development for alternative fuels on large marine engines
Accelleron today announced that OMT has entered into an agreement to acquire O.M.C. 2 Diesel S.p.A (“OMC2”).
Founded in 1962 and based in Cazzago San Martino (Brescia), Italy, OMC2 supplies high-precision fuel injection equipment for four-stroke engines, with a focus on the marine, stationary and rail sectors. With around 70 employees the company generated revenues in a low double-digit million-USD range in 2023.
The acquisition underlines Accelleron's strategy to strengthen the fuel injection business which will play a key role in the decarbonization of the shipping industry. In the short-term, OMC2 will provide OMT with additional production capacity to meet the growing demand for fuel injection systems. In the long run, the acquisition – thanks to its existing assets including real estate – provides a strong base to support OMT’s growth strategy especially for the four-stroke fuel injection business. It strengthens OMT's position as a leading supplier and innovator in the fuel injection development for alternative fuels, such as methanol, ammonia and hydrogen for large marine engines and power applications.
As of 2023 already approximately 50% of ship orders included dual fuel engines, requiring increasingly complex fuel injection systems. In addition, fuel injection is a mission-critical and performance-determining component of the engine that requires continuous maintenance and spare parts supply.
Daniel Bischofberger, CEO of Accelleron, said:
“Accelleron's strategy is focused on accelerating the decarbonization of the marine and energy industries. With OMT’s acquisition of OMC2, we expand OMT’s leading position in the fuel injection business to become even more relevant for our customers in their decarbonization journey.”
Klaus Heim, CEO of OMT, said:
“Together with OMC2, we are preparing to meet the growing demand from our OEM customers for efficient dual-fuel solutions for sustainable marine propulsion using green methanol and ammonia as fuels. In addition, this acquisition strengthens OMT’s core business by expanding its manufacturing base to further reduce lead times in the coming years.”
Vittorio Bandera, President of OMC2, added:
“We look forward to contributing our manufacturing expertise in fuel injection to OMT's growth story under the umbrella of Accelleron and to working closely with our new colleagues in the future.”
OMT will take over OMC2 in its entirety and retain all employees. Both parties have agreed not to disclose any information on the purchase price.
The transaction is expected to close in the early second half of 2024, subject to customary closing conditions. The acquisition is funded by existing cash.
