Reinsberg bought the brand. The moratorium runs to October.
Reinsberg Group, owned by the Czech investment firm BHM Group, announced on 24 August 2026 that it had acquired Schaerer Medical Schweiz AG, taking the group to eight medical-technology companies and more than EUR 150 million of combined revenue.
Reinsberg's announcement of 24 August 2026 does not mention that the company carrying the historic Schaerer name — founded 1892, making operating tables since 1912 — has been under a definitive composition moratorium since 2 October 2024, now running to 2 October 2026. The business Reinsberg bought sits in a separate company at the same Münsingen address, incorporated on 28 August 2025.
Bystronic AG signed an agreement on 27 August 2026 to acquire Isochronic AG of Denges (VD), a sheet-metal robotics developer founded in 2020 that holds twelve patents, the most recent filed in 2026. Terms were not disclosed.
7Press-Reported Deals— flat
546Distress Events-3% WoW
2Startup FundingCHF 36.4M converted
15Succession Signals+36% WoW
938New Registrations+5% WoW
2251Board Changes+3% WoW
On 24 August the Reinsberg Group announced its eighth acquisition: Schaerer Medical Schweiz AG of Münsingen, premium mobile operating tables sold in more than 75 countries, a name dating to 1892 and a product line running since 1912. Reinsberg belongs to BHM Group, a Czech investment firm, and now sits on more than EUR 150 million of combined revenue across eight medical-technology brands. Reto Sieber stays as chief executive. Terms were not disclosed.
Two registry entries put that in context. The company Reinsberg bought was incorporated on 28 August 2025 at Erlenauweg 17 in Münsingen, CHF 100,000 of capital, half paid up — one year to the week before the sale. The company carrying the 1892 name, Schaerer Medical AG, sits at the same address and has been in a definitive composition moratorium since 2 October 2024, extended three times and now running to 2 October 2026. It cut about half of its roughly forty staff in February 2024. The viable product line moved into a new vehicle, the creditors stayed with the old one, and the brand sold twelve months later. That is the standard Swiss restructuring route, not a criticism of anyone in it.
The rest of the tape does one thing repeatedly: buyers taking ownership of counterparties they already dealt with. Sudarshan signed on 25 August for the Muttenz plant that has made its aluminium dyes for years, CHF 7 million plus inventory. Bystronic signed on 27 August to buy Isochronic of Denges, a 2020 startup it had worked with for years — twelve patents in sheet-metal robotics. Compassana and Well are merging platforms the same eleven insurer and hospital shareholders were funding twice over. None of that is a credit story; it is supply-chain control.
Distress held rather than climbed: 546 events against 564. Against the same week of 2025 the bankruptcy count is flat, 316 notices against 315, the first week since June that has not risen year on year. One estate stands out and no outlet covered it. Idiag AG of Zurich, founded 1993, maker of the IDIAG M360 spine scanner the physiotherapy world knew for twenty years as the SpinalMouse, was declared bankrupt on 20 August against CHF 4.9 million of share capital.
For the record: 5,575 publications, 938 new registrations against 891, 2,251 board changes against 2,181, and fifteen succession signals against eleven.
CHF 6.2 million moved into a nine-week-old company, for nothing
On 25 August the register recorded an asset transfer in Fischingen, Thurgau. Urs Schatt Tiefbau GmbH passed CHF 6.2 million of assets and CHF 3.3 million of third-party liabilities to Grueb AG under a contract dated 25 June. The consideration line reads, in full: none.
Grueb AG had been on the register for nine weeks. It was incorporated on 16 June at Gruebstrasse 5 in Oberwangen with CHF 100,000 of capital and a purpose covering property, construction, hospitality services, agricultural and forestry contract work and machinery trading. A civil-engineering business with roughly CHF 3 million of net assets moved into it at book value, and nothing was paid. Swiss law allows exactly this and nothing here is irregular on its face. But an operating business re-homed for no consideration into a company incorporated weeks earlier has one of two futures: it is being cleaned for a sale or a handover, or it is being separated from something the owner expects to lose. Either way the counterparty you would negotiate with changed on 25 August, and the register is the only place that is written down.
Pre-Deal Signals — moves that precede transactions
Aug 27
Friedrich Steinfels AG ZürichZH· Industrials & Manufacturing
Auditor upgraded to a Big4 firm (Aktiengesellschaft → PricewaterhouseCoopers AG)
bullish
Aug 28
Swisslog Healthcare AGAG· Healthcare
Registered seat relocated (ZH → AG)
neutral
Aug 25
Regionales Pflegezentrum Baden AGAG· Healthcare
Capital increase (CHF 500,000 → CHF 15,000,000 (+2900%))
bullish
Aug 26
Virtamed AGZH· Technology & Software
Capital increase (CHF 383,435 → CHF 1,120,746 (+192%))
bullish
Aug 24
accroma labtec AGBL· Electronics & Precision
Capital increase (CHF 125,000 → CHF 250,000 (+100%))
bullish
Aug 24
Stick-IT AGZH· Construction & Building
Registered seat moved to a low-tax canton (ZH → SZ)
neutral
Aug 28
Gerber Instruments AGZH· Agriculture & Food
Auditor downgraded from a Big4 firm (KPMG AG → witreva treuhand- und revisionsgesellschaft ag)
bearish
Aug 24
AZ Informatique SàrlJU· Technology & Software
Auditor upgraded to a mid-tier firm (GNG REVISION Sàrl → FIDAG Jura SA)
bullish
Procurement Prints — federal awards
Aug 24
Hitachi Energy AGZH
Hitachi Energy AG, the Swiss-based grid technology arm of Japan’s Hitachi, secures a CHF 17.9M supply contract with Zurich municipal utility ewz for 60 MVAr controllable reactive-power compensation reactors including options, reinforcing its installed-base lock-in across Swiss urban grid stability upgrades.
5 federal awards in 2026 · 23 tracked total · CHF 140M lifetime
CHF 17.9M
Aug 27
CKW Gebäudetechnik AGLU
CKW Gebäudetechnik AG, a unit of Axpo-owned utility CKW, secures a CHF 14.9M contract with Energia Solara Engiadinaisa SA to build the photovoltaic and steel structure for Solarkraftwerk Samedan, extending its footprint in Alpine solar infrastructure.
4 federal awards in 2026 · 14 tracked total · CHF 26M lifetime
CHF 14.9M
Aug 27
Mauchle Stahlbau AGLU
Mauchle Stahlbau AG, a Lucerne-based steel construction specialist, wins a CHF 14.9M contract with Energia Solara Engiadinaisa SA for steelwork on the Solarkraftwerk Samedan photovoltaic plant, locking in a key role in Swiss alpine renewable buildout.
award 9 on our record · 9 tracked total · CHF 23M lifetime
CHF 14.9M
Aug 25
"smart technologies" Management-Beratungs- und Beteiligungsgesellschaft m.b.H.
smart technologies Management-Beratungs- und Beteiligungsgesellschaft m.b.H. secures a CHF 13.0M grid ancillary-services contract with Swissgrid AG, deepening its foothold in Switzerland’s critical transmission-system operations.
CHF 13.0M
Aug 24
Weibel Scientific A/S
Danish niche radar maker Weibel Scientific A/S wins a CHF 12.16M contract with Switzerland’s armasuisse to supply measurement radar for ballistic tests, tightening its grip on European defence test-range instrumentation.
CHF 12.2M
The Tape — 7 transactions
Press reported in the mediaReg commercial-register filing, value = net assets
Aug 24
PRESS
Reinsberg Group (BHM Group)← Schaerer Medical Schweiz AGBE
Announced 24 August. The Czech BHM Group's medical-technology platform takes its eighth company, adding premium mobile operating tables and orthopaedic accessories sold in over 75 countries to ALVO Medical, Brandon Medical, FAMED Żywiec, medifa, PROTEC, Rein Medical and Tedisel Medical. Combined group revenue exceeds EUR 150 million. Jan Izák chairs, Dr Markus Keussen is chief executive, Reto Sieber continues to run Schaerer. Terms undisclosed.
Compassana← Well (merged with Compassana into Compassana-Well AG)ZH
Announced 24 August. Switzerland's two competing digital-health platforms combine into Compassana-Well AG, backed by eleven hospital, provider and insurer shareholders whose books together cover around 70 per cent of the insured population. Operations start 1 January 2027, subject to regulatory clearance. This is a shareholder consolidation rather than a purchase: the same insurers funded both platforms and have stopped paying twice for one network.
Announced 27 August. Bystronic has signed to buy the Denges robotics company, including rights to its software and its simultaneous pick-and-place kinematics, which move parts continuously instead of returning empty-handed. Isochronic was founded in 2020 and carries twelve patents on our records against an estimated CHF 7.8 million of revenue. Armin Haller, registered as board president in August 2025, stays as chief executive; Domenico Iacovelli leads Bystronic. Isochronic keeps its name. Terms undisclosed.
Sudarshan Switzerland SLO AG (Sudarshan Chemical Industries)← Clariant Additives aluminium dyes plant, MuttenzBL
Signed 25 August. A step-down subsidiary of the Indian pigment maker Sudarshan buys the Muttenz plant that has manufactured its own aluminium dyes portfolio for years — the Sanodal, Sanodure, Sanodye and Anodal brands — for a base price of CHF 7 million plus inventory, closing around 4 January 2027. A supply relationship converted into ownership of the asset. The dyes colour anodised aluminium for automotive, consumer electronics and packaging.
Published 25 August. Under a contract dated 25 June, CHF 6.2 million of assets and CHF 3.3 million of third-party liabilities transferred to Grueb AG of Fischingen. Consideration: none. Grueb AG was itself incorporated only on 16 June 2026, nine weeks earlier, with CHF 100,000 of capital and a purpose spanning property, hospitality services, agricultural and forestry contract work and machinery trading. A civil-engineering business and its plant moved at book value into a company that did not exist in May, and nothing was paid for it.
PRESS
Hotel Alpenland AG, Lauenen← Futurjns AG, Langenthal (BE)
Published 27 August. Futurjns AG is struck from the register and its assets and third-party liabilities pass by merger to Hotel Alpenland AG of Lauenen: CHF 6.8 million of assets against CHF 4.4 million of borrowings, CHF 2.3 million net. A Saanenland hotel absorbing a Langenthal company that carries two thirds of its balance sheet in debt is a financing structure being simplified, not an expansion. André Siegrist joined the transferring company's board in October 2025.
PRESS
BTFD AG← Blockr0x AG, Horn (TG)
Published 25 August. CHF 3.1 million of assets and CHF 485,000 of liabilities pass to BTFD AG of Egnach on a merger contract of 24 June, and Blockr0x is struck off. The same shareholder holds both, so no capital increase followed. Two crypto-era Thurgau vehicles collapsing into one.
wirkaufenihrenabfall.ch AG SG · Wholesale & Distribution
45/100
An Uzwil business founded in 2022 that buys compressed waste bales from companies and sells baling presses and machinery, with an estimated CHF 11.3 million of revenue and a website showing a Pforzheim address. VAT deregistration at that revenue level is the hardest signal in our set: a company does not leave the VAT register while it is still invoicing. Combined with a board down to one, this reads as an operation being wound back toward its German parent.
JST Multidrive AG BE · Healthcare
44/100
A Bern company founded in 2008 building powered drive systems and technical aids for wheelchairs, on roughly CHF 3 million of revenue with the omnimobil, multimobil and jst multidrive marks registered. Andreas Jutzeler remains president. Mobility-aid manufacturers sell into cantonal and insurance reimbursement channels that take years to enter, which is why the distribution approvals in a business this size are usually worth more than its plant.
Gérine Energies SA FR · Energy & Utilities
42/100
Founded in 2017 to supply and manage networked energy and fluids on the Marly Innovation Center site and across the commune of Marly, on roughly CHF 7.6 million of revenue and audited by Fiduconsult Fribourg. Its revenue is a site concession: the customers are the tenants of a former industrial campus, and the contract is the asset. A board contraction dated inside this week, on that kind of structure, is worth a call before the next one.
Court Watch — decisions ahead
Aug 29
dütschler-shs GmbHAR
granted provisional · altrimo ag
Aug 30
Cantana Energy GmbHLU
granted provisional
Aug 31
MBTP SàrlVD
extended
Aug 31
Tupperware Products AGLU
extended
Sep 1
Shona Holding GmbHLU
granted provisional
Sep 5
PRfact AGZH
granted definitive · Kunz, Jean-Michel
Estates — assets in play
Idiag AG ZH · Healthcare · est. 1993
bankruptcy
Bankruptcy opened by the Konkursgericht of the Bezirksgericht Zürich with effect from 20 August at 14:00, published 27 August, against CHF 4.9 million of share capital — the largest Swiss estate of the week and one nobody reported. Idiag built the IDIAG M360, the radiation-free spine scanner sold for two decades as the SpinalMouse and MediMouse, alongside MedX back-strengthening equipment and the P100 respiratory trainer, on a substantial clinical literature. Norbert Albin chaired a board of four; Acribia audited. The register carried warnings: four executive-management members left in a single 2023 filing, and in May 2025 the company gave up its Fehraltorf home for a Zurich address.
SwissMeo SA NE · Electronics & Precision · est. 2011
bankruptcy
Bankruptcy published 26 August against CHF 113,000 of share capital. SwissMeo of Neuchâtel made watches under the Hooke & Huygens name: patented ring-shaped cases with interchangeable gemstone centres and eight barrels giving close to a week of power reserve. Two registered marks, one administrator, and an estimated CHF 881,000 of revenue. Independent watchmaking at this scale fails on working capital rather than on demand — the movement development is paid for years before the first retail sale. The patents and the brand are separable and will find a buyer; the company will not.
Hirschen Eggiwil Gastro AG BE · Hospitality & Tourism
bankruptcy
Bankruptcy published 28 August against CHF 150,000 of share capital. The operating company of the Landgasthof Hirschen in Eggiwil, an Emmental country inn with hotel rooms that also ran catering, party service and event hospitality: between ten and fifty staff, an estimated CHF 3.5 million of revenue, and a family board including Alexander Liechti of Eggiwil. Its stated purpose included buying and selling property, which is the question for any buyer here — whether the building sits in this estate or beside it. Rural hospitality has been the most reliable source of estate volume in our data all year.
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Based on 5,575 SOGC/SHAB publications processed this week. M&A data sourced from Swiss commercial registry filings (16 SOGC), press-reported transactions via web intelligence (7 EXA), and startup funding from Startupticker, Tech.eu, and company disclosures (2 rounds). Company distress scoring based on proprietary multi-signal model across 113,000 Swiss companies. Valuation benchmarks supplemented from Deloitte Swiss M&A reports and Dealsuite DACH data. Restatement. This edition and 2026-W34 were rebuilt after a fault in our extraction pipeline silently dropped registry deal and distress extraction between 21 August and 1 September 2026; the window from 17 August to 1 September was re-extracted on 1 September on a new model and a rewritten prompt. Registry M&A for 24-29 August was absent from our first pass and is present here, so this edition's figure of 16 filings is the correct one. Board-change counts for 17-20 August, reported in the W34 edition, are lower than the original run produced, and distress counts for that window are higher; both changes are explained in that edition's note. Separately, and as stated in every edition since 10 August 2026, our bankruptcy count excludes notices that revoke a bankruptcy, so these figures are not comparable with editions published before that date.
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