Market Pulse

The Swiss register showed Apple's Samplab purchase months before Apple was named

SITA, the information-technology cooperative owned by the air transport industry, announced in Geneva on 15 October 2026 that it has agreed to acquire Collins Aerospace Airport Solutions, the airport-technology unit of RTX's Collins Aerospace (self-service check-in kiosks, bag drop, biometric passenger verification, baggage tracking and airport operations software). Closing is expected in the first half of 2027, subject to regulatory approval.

Enact Intelligence of Zurich, founded in March 2026 to build robots that sense force and touch, raised USD 30 million in a pre-seed round from redalpine, Notion Capital and firstminute capital, announced on 22 October 2026. Nouscom of Basel closed a USD 135 million Series D, announced on 19 October 2026, to fund a registration trial of its cancer vaccine NOUS-209.

4Press-Reported Deals-20% WoW
584Distress Events-6% WoW
3Startup FundingCHF 145.2M converted
18Succession Signals-18% WoW
1041New Registrations+6% WoW
2369Board Changes-4% WoW

The register showed Apple's purchase in July. Apple bought assets of Samplab, a music-software start-up from Altstätten, in June. An EU filing named Apple on 19 October, but on 2 July the Swiss register had already published Samplab's new name, Quitten GmbH, and a new purpose: holding the proceeds of its software.

A Geneva cooperative buys its competitor from RTX. SITA, the IT supplier owned by the airline industry, agreed on 15 October to buy Collins Aerospace Airport Solutions: check-in kiosks, bag drop, biometrics and airport operations software, the same products SITA sells. Regulators will decide when it closes in 2027.

Large rounds for young companies. Enact Intelligence of Zurich, founded in March to build robots that feel force and touch, raised USD 30 million before its first product, with Yann LeCun among the angels. Nouscom of Basel closed a USD 135 million Series D for a cancer vaccine trial.

Signals worth a call. TSE Troller of Murgenthal, a maker of coating tools, replaced its local auditor with KPMG. Carbo-Link of Fehraltorf, a carbon-fibre maker, converted CHF 1.4 million of debt into shares at about CHF 1,780 each, a price on its equity that owners rarely publish.

How an asset sale shows up in the register before the buyer is named

When a buyer takes a company's assets and staff but not the company, the seller is left with a shell holding the cash. Samplab shows what that looks like in the Swiss register. On 2 July 2026, three and a half months before Apple's name appeared in an EU filing, the Altstätten start-up published a new name, Quitten GmbH, and a new purpose: instead of developing music software, it now holds assets, in particular income from that software. The app stopped working in September.

The pattern is not rare, but it is noisy. Since January 2026, 60 register notices combined a new company name with a switch to a holding purpose, and most of the recent ones are property companies or holdings of shares. The ones worth a buyer's attention are those where the old purpose was an operating business, such as software, engineering or a trade, and the new one holds income from it. That combination usually means the business has been sold and the owners kept the shell.

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Based on 5,997 SOGC/SHAB publications processed this week. M&A data sourced from Swiss commercial registry filings (0 SOGC), press-reported transactions via web intelligence (4 EXA), and startup funding from Startupticker, Tech.eu, and company disclosures (3 rounds). Company distress scoring based on proprietary multi-signal model across 113,000 Swiss companies. Register deal counts exclude merger and asset-transfer filings whose notice states that one owner held every share of both companies, and demergers. This week the register's three deal-type filings were Atelier First's merger into Garage First (related companies with the same name), a merger of two medical-research foundations and Sequotech's move from Delémont to Zurich, so no register sale between owners is listed. Press items rejected on review: Afinum X's investment in Ergon Informatik (Afinum became majority shareholder in January 2026; the item reported on 20 October restates it) and Wealthspire's purchase of Atlantic Swiss (no Swiss party). EQT's offer for Qiagen is listed because Qiagen's Swiss subsidiary is in Zug, but Qiagen N.V. is Dutch-registered. Pre-deal signals dropped on review: GEDREL (owned by 12 municipalities), Dussmann Service and Trend International Holding (auditor moves inside groups), and Bruker Switzerland, Sequotech and Plan-B NET Zero (purpose wording changes). Ronin Primeurs' bankruptcy was covered in W40, and ICF Isolations' first bankruptcy in W41. Production Resource Group's moratorium was extended by three months, a routine step. Forward radar is empty this week: the highest-scoring names showed only routine board changes. The 60 rename-and-holding notices in the story were counted in SHAB publications from 1 January to 23 October 2026. SITA agreed its purchase on 15 October; W42 missed it, so it is listed here with its announcement date.

ValIndex reads every SHAB filing the day it publishes, checks each merger notice for common ownership, and tracks succession, distress and ownership signals across Swiss companies. About ValIndex →

How to cite this issue

ValIndex Market Pulse, Week 43 (23 October 2026): “The Swiss register showed Apple's Samplab purchase months before Apple was named”. https://valindex.ch/en/pulse/2026-W43/

Covers commercial-register (SHAB) filings and announcements published from 19 October 2026 to 23 October 2026.

Quoting with attribution and a link is welcome. Terms →