Market Pulse
Market Pulse

Swisscom's Abacus arm makes its third buy in 18 months

Axept Business Software AG, a Swisscom subsidiary, announced on 9 September 2026 that it has acquired Aandarta AG of Wallisellen, an AbaImmo specialist serving more than 250 Swiss real-estate clients. It follows Axept's takeover of MTF Solutions' Abacus business on 1 April 2025 and of Abacus Services, sold by Abacus Research, on 1 April 2026.

Mageba Holding AG of Bülach raised its share capital from CHF 5.21 million to CHF 6.56 million in a notice published 7 September 2026, issuing 540,541 of the new shares against a claim of CHF 2.0 million. DBAG agreed in the first quarter of 2026 to sell its minority stake in mageba at half its original cost.

Ingénieurs-Conseils Scherler SA of Geneva absorbed CICE Cabinet d'Ingénieurs Conseils en Electricité Sàrl of Vevey in a merger published 10 September 2026, taking on CHF 634,000 of assets against CHF 1.12 million of third-party liabilities. A licensed audit expert confirms Scherler's free equity covers the CHF 487,000 shortfall.

3Press-Reported Dealsup from 1 WoW
551Distress Events-10% WoW
14Succession Signals+75% WoW
1054New Registrations+5% WoW
2352Board Changes-5% WoW

Axept Business Software announced on 9 September that it has bought Aandarta AG of Wallisellen, the specialist that implements AbaImmo, Abacus's property-management software, for more than 250 Swiss clients. It is Axept's third Abacus deal in eighteen months. In April 2025 MTF Solutions handed it its entire Abacus business and team. In April 2026 it took over Abacus Services, the Western Swiss sales partner that Abacus Research itself chose to sell. Swisscom has owned Axept since June 2023, when it had about 180 staff; with Aandarta the group counts more than 250.

For the owner of an Abacus partner firm, that is the week's most useful fact. Abacus sells through independent partners, and one of them now has a telecom parent, a record of buying and a stated plan to build out a competence centre for construction and property software. It kept Aandarta's whole team and its chief executive. None of the three prices was disclosed; Swisscom did not disclose what it paid for Axept either.

Two other ownership changes are worth the time. Daniela Wenk sold Snowlife AG, the Malans glove specialist founded in 1973, to Lenz of Vorarlberg, whose heated textiles Snowlife had distributed for fifteen years; announcing it on 2 September, she said the best partner mattered more than the fastest or richest offer. And on 7 September mageba's register entry showed a CHF 2.0 million claim converted into shares, months after DBAG agreed to sell its minority stake in the Bülach bridge-bearings maker at half its original cost.

The register tape was thin: of twelve filings, six state the acquirer already owned the target and three are not acquisitions at all. Formations rose to 1,054 from 1,001 and distress filings fell to 551 from 615. One reversal stands out: Claire's Switzerland, declared bankrupt in May, had the decree set aside on appeal and now trades under a provisional moratorium to 31 December.

Bought in October, absorbed underwater in September

In October 2025 the register recorded GNF Holding Sàrl handing all 200 parts of CICE Cabinet d'Ingénieurs Conseils en Electricité Sàrl, a Vevey electrical-engineering consultancy registered in 2020, to Ingénieurs-Conseils Scherler SA of Geneva. Managers Guillaume and Noémie Fürst left and two new managers were entered. In January 2026 Scherler opened a Vevey branch at Rue des Bosquets 31; in May CICE moved to the same address.

On 10 September the loop closed. Scherler absorbed CICE on a merger contract of 19 August and a balance sheet at 31 July: CHF 634,000 of assets against CHF 1.12 million of third-party liabilities, an excess of liabilities of CHF 487,000. A licensed audit expert confirms Scherler holds free equity at least equal to the shortfall, and as sole owner it issues no new shares. Eleven months after the share transfer was registered, the buyer has put its subsidiary's deficit on its own balance sheet rather than before a judge. For anyone pricing a small engineering practice, that is what a bought firm's negative equity costs once the integration is done: the buyer carries it.

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Based on 5,915 SOGC/SHAB publications processed this week. M&A data sourced from Swiss commercial registry filings (12 SOGC), press-reported transactions via web intelligence (3 EXA), and startup funding from Startupticker, Tech.eu, and company disclosures (0 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. Moratorium and bankruptcy dates are the court dates stated in the SOGC notices, not their publication dates. Register deal counts include filings in which the acquirer already owned the target. The forward radar carries two names this week: the rest of the scored list was companies already in bankruptcy proceedings, a name flagged in 2026-W25, and subsidiaries of large groups whose board changes are group housekeeping.

ValIndex reads every SOGC filing the day it publishes and scores 113,000 Swiss companies on succession, distress and ownership. The court calendar behind this edition — moratoriums, extensions and set-aside bankruptcies — is maintained from the register. Request access →