Centiel goes public in first Swiss stock exchange listing of the year

Centiel AG

17/04/2026 09:45

Zurich, April 17 (Reuters) - Swiss technology firm Centiel went public on the Swiss stock exchange on Friday after a reverse merger with HT5 HT5C.S, in the country's first new listing of the year.

With an opening price of 3.20 Swiss francs per share, Centiel hit a market capitalisation of around 261 million francs ($333.29 million), nearly 100 million francs more than what the company was targeting a month ago.

Shares of the company, which focuses on manufacturing uninterruptible power supply (UPS) systems that protect critical infrastructure from power outages or grid fluctuations, rose to 3.95 Swiss francs within the first minutes of trading.

The technology firm caters to the fast-growing data centre industry, hospitals, banks and the CERN nuclear research centre.

"UPS solutions to protect critical applications are becoming increasingly important, driven by digitisation, artificial intelligence and data centres," Chief Executive Gerardo Lecuona said in a statement. "We look forward to demonstrating that Centiel is well positioned to benefit from these megatrends."

The listing took place after Centiel successfully merged with HT5 HT5C.S in April, a holding company that was already listed on the Swiss stock exchange. This allowed Centiel to access public markets through HT5's existing listing rather than through a conventional share offering.

As part of the transaction organised by UBS UBSG.S, around 15.4 million shares were placed at a price of 2.04 Swiss francs, with a placement total volume of around 31 million Swiss francs.

Centiel had posted 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.

($1 = 0.7831 Swiss francs)

 (Reporting by Oliver Hirt and Marleen Kaesebier, Editing by Friederike Heine)

 ((marleen.kaesebier@thomsonreuters.com;))