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.
OMT is a leading manufacturer of fuel injection systems for marine engines.
The OMT team at the official handover event in October 2023.
Klaus Heim, Chief Executive Officer at OMT.
TURIN, ITALY, NOVEMBER 2, 2023
OMT to strengthen contribution to the
decarbonization
of the
shipping
industry
OMT’s new Chief Executive Officer Klaus Heim
started
September
1 and
leading the company officially as of November 1, 2023
Acquisition by Accelleron strengthens OMT’s position as a leading innovator in fuel injection
OMT, the market leader in fuel injection for the two-stroke engine sector, has strengthened its ability to support shipping’s decarbonization following the acquisition of the company in its entirety by Accelleron, completed on July 20, 2023. OMT will continue to operate its global business independently as a stand-alone unit, retaining all employees, the company structure and the brand name. Together, Accelleron and OMT will advance the energy transition in shipping. Both companies remain committed to deepening relationships and collaborations with OEMs across all business segments.
The move reinforces both OMT’s and Accelleron’s position as a partner of choice and leading innovator in the development of alternative fuel technologies - such as methanol, ammonia and hydrogen - for marine engines and other large engine applications.
Klaus Heim joined OMT in Turin, Italy on September 1, 2023, from WinGD (Winterthur Gas & Diesel Ltd.), Switzerland, where he held the position of the CEO from 2018. Prior to this, Klaus was Chief Technology Officer (CTO) at OMT for 6 years. As a member of Accelleron’s Extended Management Team, Klaus reports to Daniel Bischofberger, CEO of Accelleron. As of November 1, Klaus has officially taken the position of OMT’s Chief Executive Officer.
Klaus Heim said: "Under the new umbrella of Accelleron, OMT is in a superior position to enhance its business development capabilities and strengthen its market position in the large 2-stroke and 4-stroke fuel injection segment. Having had the privilege of working with OMT in the past, as well as with Accelleron as a business partner for many years, I am eager to start my new role as CEO of OMT. I look forward to leading the company's transition and driving its strategic growth in the years to come.”
“With Klaus Heim, we have gained an experienced CEO with an outstanding track record of expertise on large engines and fuel injection, who knows OMT as their former CTO very well,” says Daniel Bischofberger. “At the same time, we would like to express our deep respect for Gianni Musso’s life achievement of making OMT the highly successful company that it is today.”
Outgoing OMT President and CEO Gianni Musso said: “After many years in the positions of President and CEO of OMT, it is a great pleasure for me to pass the leadership of the company to Klaus Heim. His great experience in the marine industry together with his deep knowledge of OMT and its product portfolio will be a strong pillar for the future growth and success of the company.”
Like the turbocharger, fuel injection is a mission-critical and performance-defining engine component with intensive service needs. As dual-fuel engine installations become the standard in shipping, OMT expects significant growth opportunities, allowing customers to choose to run their vessels on alternative fuels - methanol or ammonia - as they become available on the market. The extended technology portfolio, improved customer service offering and progress in digitalization will have a long-lasting positive effect on OMT’s growth.
Accelleron Industries Ltd. (ACLN: SIX Swiss Ex) is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable and reliable power to the marine, energy, rail, and off-highway sectors. With an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations worldwide, its innovative technologies and digital solutions give its customers the power to move further.
Founded more than 90 years ago, OMT has served engine builders with dependable, high precision fuel injection equipment since the early days of large diesel engine development. In the intervening years, OMT has established long term customer relationships as a reliable partner of engine builders, serving the global markets for marine propulsion and power generation. Using its long experience and comprehensive know-how in the field of injection systems, OMT develops tailored dual-fuel solutions to help customers optimize their engines for operation on alternative fuels at highest performance and lowest life-cycle costs.
For more information please contact:
OMT S.p.A.
Via Ferrero 67/a
10098 Cascine Vica - Rivoli, TO - Italy
Phone: +39 011 950 5334
Email: omt@omt-torino.com
Media Relations
Phone: + 41 79 627 63 88
Email: media@accelleron-industries.com
Accelleron Industries Ltd.
Bruggerstrasse 71A, 5401 Baden
Switzerland
Media information
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www.omt-torino.com
RIVOLI, ITALY, JULY 1, 2024
Accelleron’s OMT to acquire OMC2 to expand production capacity
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