Accelleron Industries AG (SWX:ACLN) is looking for bolt-on acquisitions. Adrian Grossenbacher, Chief Financial Officer said, "As we have proven with the acquisition of OMT, we will continue looking for upside potential of value-creating bolt-on acquisitions but will stay selective and disciplined. As stated in the last slide, we remain committed to a solid capital structure and feel comfortable with the leverage bandwidth of 0.5x to 1.5x operational EBITDA.

Consequently, we want to return excess cash to the shareholders by the following means: firstly, an attractive stable to growing base dividend. Further excess cash would then be returned mainly by means of share buybacks, unless M&A opportunities materialize. This capital framework provides attractive shareholder returns while giving sufficient flexibility to grow our business, considering the opportunities, the energy transition brings to us".