Officine Meccaniche Torino (OMT) - Experts & Thought Leaders

OMT, the market pioneer in fuel injection for the two-stroke engine sector, has strengthened its ability to support shipping’s decarbonisation 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. Growth of fuel technologies As of November 1, Klaus has officially taken the position of OMT’s Chief Executive Officer The move reinforces both OMT’s and Accelleron’s position as a partner of choice and pioneering 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 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. Author's quote 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 pioneering the company's transition and driving its strategic growth in the years to come.” I look forward to pioneering the company's transition and driving its strategic growth" “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.” Effect on OMT’s growth 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 digitalisation will have a long-lasting positive effect on OMT’s growth.

Accelleron announced its upcoming acquisition of OMT, a pioneering manufacturer of fuel injection systems for marine engines. The acquisition is expected to be completed within the next few weeks. Founded in 1930 and based in Turin, Italy, OMT serves engine builders with high-precision fuel injection equipment with a focus on marine propulsion. It has about 250 employees, mainly based at its Italian headquarters. It achieved revenues of approximately EUR 52 million in 2022, of which the majority was generated through service-related demand and has a margin profile of above 20% EBIT. Accelleron’s growth strategy The acquisition in the high double-digit million EUR range is an important milestone, marking a positive step in Accelleron’s growth strategy as an independent, listed company. Acquiring the market leader in the two-stroke engine sector reinforces Accelleron’s position as a partner of choice and pioneering innovator in the development of alternative fuel technologies, such as hydrogen, methanol, and ammonia, for large marine engines and other heavy-duty applications. Accelleron’s portfolio Accelleron support clients to achieve their sustainability goals and decarbonise the shipping industry Moreover, fuel injection is, like the turbocharger, a mission-critical and engine performance-defining component with intensive service needs. Benefitting from complementary R&D competencies, an enhanced technology ecosystem as well as new fuel development initiatives, Accelleron will be able to better support clients to achieve their sustainability goals and decarbonise the shipping industry. The acquisition will further enrich Accelleron’s portfolio to better support customers with digital solutions. Author's quote Daniel Bischofberger, CEO of Accelleron said: “Decarbonisation is the key market driver of our industry. As a leader in technology and commercial prototype projects with alternative fuels, this move to add fuel injection systems to our already comprehensive turbocharger portfolio is of strategic importance to Accelleron." He adds, "It is designed to support our OEM customers to develop more fuel-efficient propulsion solutions and the operators to reduce their life cycle costs and carbon footprint. In addition, this acquisition strengthens Accelleron’s core business as well as its attractive financial profile with sustainable revenue growth, resilient margins, and strong cash flow.” Cooperation with OEMs Accelleron and OMT remain committed to deepening relationships and cooperation with OEMs Giovanni Musso, CEO of OMT, added: “We are delighted to be part of Accelleron’s new independent growth story, and the transaction gives our technology and dedicated workforce a global platform to further expand.” Together, Accelleron and OMT will advance the energy transition in shipping. Accelleron will take over OMT in its entirety, retaining all employees as well as the brand name. Accelleron and OMT remain committed to deepening relationships and cooperation with OEMs, including across its service businesses. Accelleron’s financial statements OMT adds inorganic revenue growth of at least 52 million euros on an annualised basis on top of Accelleron’s guided organic revenue growth of 2 to 4% for 2023. The inorganic growth contribution for 2023 will depend on the closing date from which OMT will be consolidated within Accelleron’s financial statements.  Post-closing and ex-dividend, Accelleron expects the net leverage for the financial year 2023 to be slightly above 1.0. Assuming a normal business environment, Accelleron intends to pay out a dividend in 2024 which is at least stable compared to the dividend payout in 2023.