movement bought the 51 patents of dacadoo, a Zurich company in bankruptcy since July
movement, a wellness group whose platforms serve more than 2.5 million users, announced in Geneva on 5 November 2026 that it had acquired the technology and intellectual property of dacadoo ag of Zurich, including its software, source code and 51 registered patents. According to the commercial register notice published on 4 August 2026, the Zurich district court opened bankruptcy proceedings against dacadoo ag on 29 July 2026; the announcement does not mention the bankruptcy.
Cembra Money Bank AG of Zurich completed on 2 November 2026 its purchase of most of the Swiss car-financing business of Santander Consumer Finance Schweiz AG of Schlieren. According to the commercial register notice published on 4 November 2026, Santander transferred CHF 688.9 million of assets and CHF 10.5 million of liabilities to Cembra for CHF 658.4 million; Cembra's July 2026 results put the full purchase price at CHF 820 million, with no goodwill.
6Press-Reported Deals— flat
593Distress Events+7% WoW
1Startup FundingCHF 1.1M
21Succession Signals+40% WoW
1042New Registrations— flat
2672Board Changes+7% WoW
A bankrupt Zurich company's patents found a buyer. movement, a wellness group, announced on 5 November that it had bought the software and 51 patents of dacadoo, a digital health platform used by insurers and employers in dozens of countries. The release calls it part of a global expansion. The register adds that dacadoo has been in bankruptcy since 29 July.
Cembra paid close to book for Santander's car loans. The first part of the portfolio changed hands on 2 November. The register gives the price that the release leaves out: CHF 658.4 million for CHF 688.9 million of assets and CHF 10.5 million of liabilities, about 97% of the net amount.
Insurers and drug groups sold what sits outside their core. Allianz Partners is selling Medi24, which gives 4.6 million insured people first access to telemedicine, to DocMorris for its German platform TeleClinic. Merck KGaA is selling Lonza five US manufacturing sites with 1,100 staff.
Two small owners found successors. The three shareholders of the Hottingerplatz bookshop in Zurich sold to Buchhaus Lüthy, which keeps the name, the team and the manager. A Lyss adviser sold its insurance business to Howden for CHF 300,000 plus conditional payments and kept its property and legal work.
What dacadoo was before movement bought its patents
dacadoo ag of Zurich spent 15 years building its platform and raising money for it. By April 2025 its share capital stood at CHF 42.8 million, split into ordinary shares and four classes of preference shares, from A to D. On 19 May 2026 its shareholders created conditional capital, which lets a company issue new shares to holders of convertible loans or options. A board member left in July, and on 29 July 2026 the Zurich district court opened bankruptcy proceedings. Two more signatories left in September.
From 29 July, only the bankruptcy administration could sell dacadoo's assets. movement's release of 5 November describes the purchase of the software, source code and 51 patents as a step in its international growth, and promises customers continuity, without mentioning how the assets came to be for sale. For anyone buying technology from a Swiss company, the register shows in two minutes whether the seller is the company or its estate, which changes who signs, what warranties exist and what happens to the existing contracts.
Pre-Deal Signals — moves that precede transactions
Nov 4
Bathco AGZH· Raw materials for aluminium smelting
Auditor moved from Controva to BDO (published 4 November)
Procurement Prints — public contract awards
Nov 2
TESMEC RAIL SRL
SBB Infrastructure: overhead-line maintenance vehicles from Tesmec Rail of Italy, CHF 69.1 million, the week's largest award.
CHF 69.1M
Nov 4
Alpine Fox GmbHNW
Defence: a CHF 43.2 million framework for small thermal imagers, shared by five suppliers: Alpine Fox, DOMA Handels, OptiLink, PHX Phoenix and SSZ Equipment.
award 6 on our record · 6 tracked total · CHF 49M lifetime
CHF 43.2M
Nov 3
CKW Gebäudetechnik AGLU
Canton of Schwyz: electrical works for a building project, CHF 13.6 million to CKW Gebäudetechnik, its sixth public award this year.
6 public awards in2026 · 16 tracked total · CHF 40M lifetime
CHF 13.6M
Nov 4
Glaux Group AGBE
SBB: the case-management and information system for its transport police, CHF 13.5 million to Glaux Group of Bern.
4 public awards in2026 · 11 tracked total · CHF 75M lifetime
CHF 13.5M
The Tape — 6 transactions
Press reported in the mediaReg commercial-register filing, value = net assets
Nov 5
PRESS
movement← dacadoo (technology and IP assets)ZH
dacadoo of Zurich spent 15 years building a digital health engagement platform, backed by 51 registered patents and used by insurers, healthcare organisations and large employers in dozens of countries, among them the US, Canada, Australia, Japan and Germany. movement, a wellness group serving more than 2.5 million users, announced on 5 November that it had bought the software, source code and patents. dacadoo ag has been in bankruptcy since 29 July 2026.
Cembra completed on 2 November the purchase announced on 23 July: most of Santander's Swiss car-financing business, about CHF 800 million of leasing assets, partnership agreements with several car and motorcycle manufacturers, and an exclusive agreement for Santander's pan-European leasing programmes in Switzerland. CHF 670 million was consolidated on 2 November; the rest follows in 2027.
Medi24 of Liebefeld runs telemedicine for the largest Swiss health insurers, with contractual first access for more than 4.6 million insured people, about half of the country. DocMorris of Frauenfeld agreed on 4 November to buy it from Allianz Partners for its German platform TeleClinic, at an enterprise value in the low double-digit millions of francs. Medi24 will nearly double TeleClinic's revenue; completion is expected in December 2026.
Lonza of Basel signed on 3 November to buy five US contract-manufacturing sites from Merck KGaA of Darmstadt, in St. Louis, Madison, Verona, Carlsbad and Indianapolis, with about 1,100 staff. They make bioconjugates, payload-linkers and viral vectors. The enterprise value is in the low- to mid-triple-digit millions of francs for sites expected to sell about CHF 250 million in 2028, at a margin below Lonza's. Closing is expected in mid-2027.
The Buchhandlung am Hottingerplatz is a neighbourhood bookshop in Zurich's Kreis 7. Its three shareholders, among them founder Cornelia Schweizer and co-owner and manager Antje Böhme, sold all the shares to Buchhaus Lüthy of Solothurn with effect from 1 November. Lüthy, a family business, keeps the name, the team and Böhme as manager; the shop is its 24th.
Howden Schweiz AG← roth & partner lyss ag (insurance business)
roth & partner lyss, a Lyss firm founded in 2020 for insurance, pensions, real estate and legal advice, removed insurance and pensions from its purpose on 30 September. On 26 October it sold assets of CHF 300,000 to Howden Schweiz of Zug for CHF 300,000, subject to price adjustments and further conditional payments. Howden, the insurance broker, has merged seven other Swiss firms into its Swiss company since 2023, among them Assiteca, Born Consulting, Swibro, Vorsorge Partner and IT Xpert.
Undae Science, founded by neuroscientist Shanaz Diessler, makes Noctae, a sensor mat that records sleep at home over several nights instead of one night in a sleep lab. It raised CHF 1.15 million of its seed round through the Oomnium crowdfunding platform to finish industrialising the system.
41 retail investors and business angels, via Oomnium
Swiss Project Pool Ltd, Stockport, Zweigniederlassung Teufen ARAR
granted provisional
Nov 23
4D Lifetec AGZG
granted provisional · Kälin, Dr. Oliver
Nov 23
Pékafé SAVD
extended
Disputes & abandoned companies
64dissolved by a judge for a broken organisation (Art. 731b CO) this week
prior week: 73 · year to date: 2,713
Abandoned with a business behind them
At least five years old and a size signal in our data. The liquidator may sell customers, contracts or the name.
Nov 4
PÔLE COMMUNICATION Sàrl, en liquidationGE · Business Services
est. 2010 · revenue est. CHF 3M
Nov 2
Ducreux SA, en liquidationGE · Industrials & Manufacturing
est. 2007 · revenue est. CHF 2M
New rulings between shareholders
HE260090A shareholder sought interim measures to block a general meeting convened by a director whose term had expired, but the court dismissed the request as not urgent.
Toproc of Biel makes spacer screws and remote-mounting fastening systems under the Toproc brand, along with rivets, nails and pressed precision parts, for industrial customers in Switzerland and across Europe. A court declared it bankrupt on 28 October 2026, with effect from that day. A buyer could take the brand, the product range and the customer list from the estate, which the bankruptcy office now administers.
Harels Constructions SA en liquidation FR · Metal construction · est. 2022
bankruptcy
Harels Constructions, a family metalwork firm, made structural steel, architectural metalwork, fire-rated systems and joinery for homes, factories and offices. It moved its seat from Bussigny in Vaud to Estavayer in Fribourg in July 2026, and the court in Lausanne declared it bankrupt on 29 October. For a metalwork buyer, the estate is a route to a workshop and its customers in a trade where both are hard to build from scratch.
TaDo Automotive Design GmbH in Liquidation VS · Car interiors and conversions · est. 2023
bankruptcy
TaDo Automotive Design of Visp made custom car interiors, steering-wheel conversions, carbon parts, body and chassis conversions and oldtimer restorations, and coated parts by water-transfer printing. The company was registered in February 2023, and the bankruptcy judge of the Visp district court declared it bankrupt on 28 October 2026. The estate is small, but its equipment and customer base suit a body shop or a restorer in the Upper Valais looking to add interiors and carbon work.
Pre-deal signals scored before the press, federal procurement prints, the complete deal tape, the forward court calendar and buyable estates. Free, once a month.
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Based on 6,624 SOGC/SHAB publications processed this week. M&A data sourced from Swiss commercial registry filings (1 SOGC), press-reported transactions via web intelligence (6 EXA), and startup funding from Startupticker, Tech.eu, and company disclosures (1 round). 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, transfers with no consideration and demergers; EFG Bank's merger with Quilvest (Switzerland), bought in 2026, is therefore not counted. Press items rejected on review: Sika's purchase of Resonac's adhesives business (announced on 21 October), Netcycle's bid for Ghost Bikes (rejected by the administrator; only the Ghost brand was sold, to DuTech), Patrimonium's takeover of a real-estate fund mandate (no company changed hands), and a re-import of Cembra's July announcement. SecuSuisse and QBIC, which moved to PwC this week, were left out of the pre-deal list: both were sold to Prosero Security in June 2026, so the new auditor follows a sale rather than preceding one. Undae Science's round is shown at CHF 1.15 million, the figure in dealroom's own note; its public page gives USD 1.05 million.
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 45 (6 November 2026): “movement bought the 51 patents of dacadoo, a Zurich company in bankruptcy since July”. https://valindex.ch/en/pulse/2026-W45/
Covers commercial-register (SHAB) filings and announcements published from 2 November 2026 to 6 November 2026.
Quoting with attribution and a link is welcome. Terms →
Swiss company statistics, October 2026: 1,400 bankruptcies (+0.4% on a year earlier) and 4,635 new companies. All figures →