Swiss technology firm Centiel plans to go public in April

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.

($1 = 0.7874 Swiss francs)