Rapporto settimanale

Market PulseJanuary 16, 2026by ValIndex Intelligence

Week 3

New Registrations

1,199

+54% WoW

Distress Events

520

+117% WoW

M&A Deals

+33% WoW

Succession Alerts

+65% WoW

Publications

8,024

+50% WoW

Deal della settimana

Tipo	Acquirente	Target	Settore	Attivi	Netto
Fusione	Tornos SA	Almac S.A." in La Chaux-de-Fonds	MEM: Machinery & Automation	74.4M CHF	16.3M CHF

Altro in questa edizione

F. Murpf Lager- und Kühlhaus AG←Hägipark AG"21.6M CHF
Bridgecross AG←Isaak Holding GmbH4.5M CHF
Dentago Handels AG←Swissduft AG4.3M CHF
5 procedure fallimentari
3 spotlight segnali

Abbonati gratuitamente per l'analisi completa ↓

Mappa attività cantonale

Più Transazioni M&A

Zug

1deals

Secondo

Jura

1deals

Totale nazionale

4deals questa settimana

Cantoni principali

1.Zug

17.6%

2.Jura

16%

3.Thurgau

11.7%

4.Solothurn

11.6%

I primi 3 cantoni rappresentano il 75% dell'attività transazioni m&a nazionale questa settimana.

Low

High

Fonte: Pubblicazioni FUSC

Segnali settoriali

In crescita

Stabile

In calo

Nuovo

(tendenza 4 sett.)

11 sectors · 12 weeks aggregated · box size = M&A count35 M&A signals · % = 4-week trend

Transazioni M&A (3 altre)

Tipo	Acquirente	Target	Settore	Attivi	Netto
Fusione	F. Murpf Lager- und Kühlhaus AG	Hägipark AG"	Transport & Logistics	21.6M CHF	208K CHF
Fusione	Bridgecross AG	Isaak Holding GmbH	Business Services	4.5M CHF	3.5M CHF
Fusione	Dentago Handels AG	Swissduft AG	Retail & Consumer	4.3M CHF	2.6M CHF

Spotlight segnali (3)

M&ASO

F. Murpf Lager- und Kühlhaus AG / Hägipark AG"

F. Murpf Lager- und Kühlhaus AG (Solothurn), a cold-storage and logistics operator, absorbed Hägipark AG in a merger transferring CHF 21.6M in assets. Murpf specializes in temperature-controlled warehousing — a niche seeing consolidation as Swiss food supply chains modernize. The deal combines Murpf's logistics infrastructure with Hägipark's real estate assets, creating a vertically integrated cold-chain platform in the Mittelland.

SUCCESSIONVD · CVC (Pompes à Chaleur)

SCENERGY SA

SCENERGY SA (Vaud), a heat pump and HVAC specialist, lost both board members this week with no replacements — a classic succession red flag. The company recently relocated its registered office from Collonge-Bellerive (GE) to Lausanne, suggesting a restructuring in progress. With Switzerland's building energy transition driving strong demand for heat pump installers, SCENERGY's board vacancy could attract acquirers looking to enter the CVC (heating, ventilation, cooling) market.

DISTRESSFR · Construction & Bâtiment

TUBEXPRESS SA

TUBEXPRESS SA (Fribourg), a construction and HVAC firm founded in 2015, entered bankruptcy after the Tribunal cantonal de Fribourg upheld an appeal reversing an earlier dismissal. The company operated in Grolley-Ponthaux, serving the greater Fribourg construction market. Its failure reflects the margin pressure facing smaller construction subcontractors, particularly those without diversified service lines or long-term maintenance contracts.

Fallimenti notevoli (5)

Società	Cantone	Settore	Dettagli
Uresh AG Environmental technology equipment engineering and manufacturing	BL · AG	MEM: Energy & Environment	Est. 1995 · TM: U
FORIMTECH SA Radiation and light photon detection solutions	GE	Precision & Medtech	Est. 2011 · TM: RADPOINTER, FORIMTECH
SYSMeta IT Sàrl IT services, software and hardware development	VD	Technology & Software	Est. 2006 · TM: FLEXIBLE NUTRITION, Nutriligent
Dayamondo Sàrl Jewelry, watch sales and online retail	GE · AG	Luxury & Heritage	TM: d DAYAMONDO
TUBEXPRESS SA Construction, HVAC, property management and brokerage	FR · AG	Building & Infrastructure	Est. 2015

Commento settimanale

Activity across the Swiss commercial register continued its post-holiday acceleration in W03, with 8,020 publications processed — up 50% from W02. New registrations climbed to 1,199 (+53.5% WoW), confirming that the January formation wave is now in full swing as entrepreneurs incorporate entities ahead of the new fiscal year.

The bankruptcy count jumped sharply to 141, up from just 26 in W02. While the headline figure looks alarming, this reflects the clearing of cases queued during the holiday court recess rather than a structural spike. Building & Infrastructure and Technology & Software dominate the filings. Board changes rose 48.7% to 2,489 as annual governance reshuffles continue, with Business Services and Financial Services accounting for most turnover.

On the deal front, four mergers were recorded, led by Tornos SA's absorption of Almac S.A. (CHF 74.4M in assets) — a consolidation play in Jura's precision machining corridor. Succession signals rose to 54, with notable board departures in the HVAC and building services niche suggesting generational transitions are accelerating in western Switzerland's construction sector.

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