Rapport hebdomadaire

Market PulseMarch 27, 2026by ValIndex Intelligence

Week 13

Nouvelles inscriptions

1,129

-8% WoW

-7% 4W

Événements de détresse

462

+12% WoW

+6% 4W

Transactions M&A

+17% WoW

+22% 4W

Signaux de succession

138

+79% WoW

+85% 4W

Publications

6,836

+4% WoW

+3% 4W

Deal de la semaine

Type	Acquéreur	Cible	Secteur	Actifs	Net
Fusion	Orthoconcept SACROSS_BORDER_PESERIAL	8 subsidiaries (Naxicap/Lagarrigue roll-	Healthcare	n/d	n/d
PE roll-up: ~25 acquisitions in 5 years under Ardian/Naxicap — Orthoconcept SA (Fribourg, est. 1982), the Swiss platform of Groupe Lagarrigue (Toulouse), absorbed 8 subsidiaries in a single day — the largest coordinated merger we have detected in 2026. PE-backed by Naxicap Partners (majority since April 2021, succeeding Ardian Expansion which invested in 2016), Lagarrigue has executed ~25 acquisitions in 5 years, growing revenue from EUR 50M to EUR 92M+. Orthoconcept operates 16 branches across Romandie and Olten with 171 employees and 16 apprentices. The absorbed entities span prosthetics (aktivortho, Hoffmann orthopédique), rehabilitation (Ortho-Reha Wallner, est. 1965, ~20 employees, 4 locations), 3D-printed orthotics (Orthovoxel, co-founded by Daniel Robert and Adam Berthoud), and rehabilitation robotics (Reha-Robotics). CEO Alain Montean and Chairman Jean-Pierre Mahé (Lagarrigue) sit on the board. No press release. No advisor announcement. We detected this from 8 simultaneous SOGC publications.

Carte d'activité cantonale

Plus de Transactions M&A

Zurich

4deals

Deuxième

Lucerne

1deals

Total national

6deals cette semaine

Cantons principaux

1.Zurich

424.7%

2.Lucerne

13.3%

3.Thurgau

12.2%

Les 3 premiers cantons représentent 100% de l'activité transactions m&a nationale cette semaine.

Low

High

Source: Publications FOSC

Signaux sectoriels

En hausse

Stable

En baisse

Nouveau

(tendance 4 sem.)

11 sectors · 13 weeks aggregated · box size = M&A count41 M&A signals · % = 4-week trend

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Spotlights signaux (2)

DISTRESSVD · Satellite IoT

Astrocast SA

Astrocast SA (Chavannes-près-Renens, est. 2014) — the satellite IoT company that listed on Euronext Growth Oslo in 2021 — declared bankruptcy on March 26 after an 8-month moratorium. Our distress model flagged Astrocast in July 2025 when the moratorium was first granted, providing subscribers with early warning. Founded by CEO Fabien Jordan, the company operated an 18-nanosatellite constellation for global asset tracking but generated only ~USD 360K in 2023 revenue. Delisted from Euronext August 2024. Moratorium extended January 2026. The constellation reportedly saw 300% traffic growth — making these satellite assets a potential distressed acquisition target. 50 employees affected. This is what 8-month early warning looks like.

CROSS-SIGNALBL · Building & Infrastructure

Government Contract Cross-Signal

One of our tracked companies — a CHF 100M+ revenue environmental engineering firm in Northwestern Switzerland — won CHF 4.5M in new government contracts in the past two weeks (wastewater treatment infrastructure and national road tunnel projects) while simultaneously showing board replacement signals: turnover across its 54-member historical board network. When a major engineering firm wins significant public contracts while its governance structure is shifting, that is a cross-signal PE funds want to see early. We cross-reference government contracts with board signals, succession scores, and M&A probability on over 2,000 tracked companies. This level of multi-source intelligence is unique to ValIndex.

Faillites notables (3)

Société	Canton	Secteur	Détails
GENE PREDICTIS SA in Liquidation Predictive genetic diagnostics, medical laboratory analytics, genetic research	VD · AG	Life Sciences & Pharma	Est. 2004 · TM: CYPASS, Gene Path
GENE PREDICTIS SA (Vaud, est. 2004), a pioneer in predictive genetic diagnostics, entered liquidation after 22 years of operation. The company developed proprietary platforms including CYPASS (cytochrome P450 genetic testing), Gene Path (genetic pathway analysis), and NUTRIPASS (nutrigenomics). Board collapsed from 4 to 1 member. Three registered trademarks in genetic testing technology now available on the insolvency market — potentially valuable IP for clinical genomics acquirers or pharma companies building companion diagnostics capabilities.
Montres Otium SA Luxury watch manufacturing and jewellery, SME participations	NE · AG	Luxury & Heritage	Est. 2022 · TM: Vitesse, No Speed Without Time
Montres Otium SA (Neuchâtel, est. 2022), luxury watch brand with the registered trademarks Vitesse and 'No Speed Without Time.' Bankrupt after less than 4 years — a cautionary signal in a canton where watchmaking startups increasingly struggle against established maisons. Capital: CHF 147,500. Board had 3 members. The brand IP and any inventory could attract watch industry consolidators or collectors of dormant brands.
Saxer SA Wholesale and retail distribution of fashion, watches, pens, leather goods, jewellery, per...	GE · AG	Retail & Consumer	Est. 1990 · TM: JJS LIGHT OF SWITZERLAND, WINZERSONNE
Saxer SA (Geneva, est. 1990), a luxury goods distributor operating for 36 years in wholesale and retail fashion, watches, pens, leather goods, jewellery and perfumes. CHF 1M share capital. Holds registered trademarks including JJS LIGHT OF SWITZERLAND and WINZERSONNE. With 10+ FTE and over three decades of Geneva retail presence, the distribution rights and brand portfolio may interest luxury goods consolidators.

Signaux de cession d'actions (8)

Mutations du conseil d'administration de sociétés AG/GmbH suggérant des cessions d'actions probables (SPAs) — transitions de propriété non capturées par les événements structurels de la FOSC.

camptocamp SAVDTM:1GOV

Open-source GIS, ERP (Odoo), and cloud infrastructure consultancy founded 2001 in Lausanne. ~190 employees across CH/FR/DE, estimated CHF 42M revenue. Swisscom (SIX: SCMN) acquired a majority stake in March 2024 to bolster public-sector digital and geospatial capabilities. The Q1 2025 full board replacement — all 11 original directors including co-founders Maurer and Philipona out — signals integration complete. Camptocamp is now a Swisscom subsidiary in all but name, removing any near-term secondary exit.

Prematic AGTGTM:3GOV

Swiss compressed-air and pneumatics specialist founded 1961 in Affeltrangen (TG) by Karl Frefel. Distributes ALMiG screw compressors (incl. oil-free LENTO series) and manufactures own PAKO piston compressor line. ~50-80 employees, estimated CHF 25M revenue. Full board replacement in 2025 — Steiert and Studer out, Beat Frefel (family) plus a new external director in — suggests either a generational transition or a strategic investor entering alongside the founding family. Worth monitoring for a potential carve-out of the distribution vs. manufacturing business.

IPG Information Process Group AGZHGOV

Identity & access management (IAM) consultancy founded 2001 in Winterthur. 144 employees, ~CHF 29M revenue (EUR 31M in 2025), 1,580+ completed projects across DACH. Acquired by Cologne-based TIMETOACT GROUP (EUR 360M revenue, 1,600+ staff) in 2021. The 2025 board change merges IAM peer identic group into IPG, with co-founder Marco Rohrer and CEO Claudio Fuchs exiting and four TIMETOACT-aligned directors entering. Consolidation play: TIMETOACT rolling up Swiss IAM assets under one brand.

event4you saVD

Business event agency founded 2003 in Pully (VD), specializing in congresses, seminars, incentive programs, product launches, and trade shows. Estimated 20-49 employees, CHF 7-17M revenue. Full founder exit: Schüpbach and Besson depart, Pascal Samuel Schneiter takes sole board control. The single-director structure and founder departure pattern is consistent with an MBO or a quiet acquisition. Clean founder-to-new-owner transition in a fragmented Swiss events market.

Moreno placements S.A.VDTM:2

Regional temp staffing firm founded 1992 in Lausanne, specializing in electricians (branded as Moreno ElectroTeam), fire/disaster remediation, and multi-sector permanent placements across Suisse romande. 68 employees, offices in Lausanne, Yverdon, and Neuchâtel. Estimated CHF 14M revenue. Complete founding-family exit: Rosmarie and Alexis Moreno plus partner Barandela all depart. For a 30+ year family business, a full board wipe signals a completed sale.

ITRIS One AGZHGOV

ITRIS One AG: Family-owned IT group (est. Zurich, ~CHF 290M revenue). Ex-Dell Switzerland CEO Frank Thonüs joins board as Director — likely succession planning move for one of Switzerland's largest independent IT services groups, not a sale signal.

Regloplas AGZHTM:3PAT:4

Regloplas AG (Zurich): 60-year-old industrial temperature control systems manufacturer. Two new operational signatories (Kuster, Esteves Lopes) added — routine management reinforcement, no M&A signal detected.

Fixide Power Systems Ltd liab. CoVD

Fixide Power Systems (Vaud): electrical installations and UPS systems specialist. Founders Didier and Gerda Schumacher exit along with Benjamin Payot; Ophélie Payot takes over as sole director. Likely generational family succession within the founding team.

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