Market Pulse

Vaud restructures. Geneva liquidates.

Vaud holds 35 of Switzerland's 83 open composition moratoriums. Geneva, which fails more often, holds three.

Reinsberg bought the brand. The moratorium runs to October.

Switzerland's oldest operating-table maker changed hands. The company carrying its name is still under moratorium.

Columna built it, Migros bought it

Columna Capital built a twenty-clinic dental platform in six years. Migros bought it, and the register showed the cleanup first.

The only company that changed hands was a shell

Twenty-two deals this week. The only register filing that moved control was a shell on its third name in six months.

Swiss assets changed hands in every direction this week — and Mammut was the biggest

Mammut sold to Chinese capital, simpego to Visana, Gelpell to German PE. Swiss assets were the ones changing hands.

Two Swiss companies changed owner this week, and only one of them told anyone

A Ticino export champion took German private equity 95 days after winning the national prize. A Lausanne firm swapped its board.

Switzerland traded a listing for a technology this week — and a Suhr company bought bp out of Austria

Switzerland lost a CHF 1.46bn listing to Korea and bought a Japanese sensor maker with fresh debt, in the same week.

A PE-backed roll-up moved six businesses this week with no press release — the register saw it first

A PE dental roll-up we caught only in merger filings, three CHF 100M+ firms dropping their Big Four auditor, and ABB's $5.5bn Rotork bid — Swiss M&A, week 29.

The deadline rush is over. The buyers are not.

The exit-less exit reaches the Swiss mid-market: Sequotech moves into a CHF 130M+ continuation vehicle with Sagard. New study: who actually owns Switzerland's companies.

Fragile boards make willing sellers

Private equity assembled a Swiss watch-component group from four family suppliers, and two of them sat in exactly the fragile-governance tiers our board-paralysis study measured. Add a maison founded in 1830 changing hands, a $796 million biotech exit and a bank absorbing its neighbour: the sellers this week were fragile boards.

The Swiss deal engine is demographics, not private equity

A retiring founder generation is the real Swiss deal engine. This week our wealth-manager study put a number on it, the register logged a founder-named Zurich boutique quietly changing hands' worth of housekeeping, and Martin Kyburz sold the company that carries his name.

Foreign and financial buyers clear the Swiss mid-market

In one week, four foreign and financial buyers closed Swiss acquisitions across four asset classes: a US chipmaker, a Moroccan pharma group, a Geneva private bank and a global PE firm.

Incumbents buy the AI layer as capital floods back into Swiss life-science

Temenos buys additiv to consolidate the AI layer of Swiss banking software, while capital floods back into Swiss life-science — week 24.

A NASDAQ buyer strikes twice in Swiss deeptech as the wealth-manager cull accelerates

SEALSQ's double deeptech strike, KIBAG's succession buy, and the regulatory cull of Swiss wealth managers — week 23 in Swiss M&A.

Big Pharma and a $3.5B SPAC put Swiss deeptech on the global board

Eli Lilly buys two Swiss vaccine makers in one $4B sweep, Terra Quantum lists at $3.5B, and the wealth roll-up reaches Hamburg — week 22 in Swiss M&A.

Strategic buyers match PE deal-for-deal as distress signals intensify

Eight press deals span luxury heritage, deeptech salvage, and Asian PE exits — while distress events jump 18% week-on-week.

A quiet week where succession, not size, was the signal

A quiet trading week where the real signal was succession: a 19-year-old Zurich software house hands over, and three AI startups raise into a thin market — week 20 in Swiss M&A.

Swiss SME Market Pulse - 2026-W13

Swiss SME Market Pulse - 2026-W12

Swiss SME Market Pulse - 2026-W11

Three multinational rollups in a single week — Equans (Bouygues), CGI (Montreal), and MCM Schaublin (medtech) — signal that cross-border consolidation of Swiss operating entities is accelerating beyon

Swiss SME Market Pulse - 2026-W10

Switzerland's commercial register recorded 6,868 publications this week, with Zurich (18.

Swiss SME Market Pulse - 2026-W09

W09 delivered the most stable readings of 2026 so far, with nearly every KPI posting single-digit week-on-week changes.

Swiss SME Market Pulse - 2026-W08

The Swiss corporate register continued its gradual cooldown in W08, with board changes falling below 2,000 for the first time in 2026 (1,939, -8.

Swiss SME Market Pulse - 2026-W07

Activity moderated in W07 as the January registration wave receded.

Swiss SME Market Pulse - 2026-W06

New registrations surged 17.

Swiss SME Market Pulse - 2026-W05

The Swiss commercial register settled into a stable rhythm in W05, with most KPIs posting modest single-digit declines week-on-week.

Swiss SME Market Pulse - 2026-W04

The Swiss commercial register reached cruising speed in W04, with activity levels stabilizing after the sharp post-holiday rebound.

Swiss SME Market Pulse - 2026-W03

Activity across the Swiss commercial register continued its post-holiday acceleration in W03, with 8,020 publications processed — up 50% from W02.