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Centiel Powers Up: Swiss Tech Firm Lists on Exchange
17 Apr
Summary
- Centiel's stock debuted on the Swiss exchange, marking the year's first new listing.
- The company manufactures uninterruptible power supply systems for critical infrastructure.
- Centiel targets data centers, hospitals, and banks with its protective technology.
Swiss technology firm Centiel achieved a significant milestone on Friday, April 17, 2026, by going public on the Swiss stock exchange. This marked the nation's first new listing of the year, following a successful reverse merger with HT5 (HT5C.S). Centiel's shares opened at 3.20 Swiss francs, establishing a market capitalization of approximately 261 million francs.
The company, a manufacturer of uninterruptible power supply (UPS) systems, provides essential protection against power outages and grid fluctuations for critical infrastructure. Its client base includes the rapidly expanding data center industry, as well as hospitals, banks, and the CERN nuclear research center.
Centiel's Chief Executive Gerardo Lecuona highlighted the increasing importance of UPS solutions, driven by digitization, artificial intelligence, and data center growth. The company aims to capitalize on these megatrends, positioning itself for future success. The transaction, facilitated by UBS, involved placing around 15.4 million shares at 2.04 Swiss francs each.
Financially, Centiel reported a net profit of 8 million francs on net revenue of 45.7 million francs in the previous year. The company also projects a compound annual revenue growth averaging 30% from 2023 to 2025.
