Acquisitions in Switzerland

Healthcare Holding Schweiz AG acquired PlusORTHO Prothetik GmbH, an orthopedic implants and fixation systems specialist headquartered in Oftringen, Switzerland. The deal expands Healthcare Holding Schweiz’s Orthopedic Solutions platform, aiming to create synergies via a broader product portfolio, improved delivery times, and enhanced customer service across Switzerland.

TIC Holding Schweiz AG has acquired a stake in Vibro-Consult AG, a Swiss specialist in vibration and machinery diagnostics for rotating equipment used in power generation (hydropower, steam, and gas). TIC Holding Schweiz is a buy-build-and-technologize platform financed by Winterberg Investment X and managed by Winterberg Advisory GmbH, and the investment is intended to support Vibro-Consult’s continued growth and operational development within TIC’s accredited testing and calibration services-focused industry platform.

TIC Holding Schweiz AG, a Swiss testing, inspection and certification (TIC) buy-and-build platform backed by Winterberg Investment X and managed by Winterberg Advisory GmbH, has acquired HSE Conseils SA. HSE Conseils, headquartered in Laténa (Neuchâtel) with six additional Swiss locations, provides construction-related pollutant diagnostics (e.g., asbestos, PCBs, lead), environmental and waste management support, and occupational health and safety services; founder Marc Dutoit is reinvesting at the holding level and remains CEO.

Creative Planning, LLC acquired Baseline Wealth Management, a Swiss registered investment advisor with offices in Geneva and Zurich, marking Creative Planning’s first international acquisition and initial expansion into Europe. The deal adds 14 employees and more than $1 billion in assets under management to Creative Planning; financial terms were not disclosed.

Blockstream Capital Partners (BCP) entered into a strategic agreement to acquire a division of Numeus Group’s digital asset trading and investment business, including select Bitcoin-focused yield-generating trading strategies and a 10-person derivatives trading team led by CIO Deepak Gulati. The transaction expands BCP’s Bitcoin derivatives, volatility, execution, and risk analytics capabilities, and leverages support from BCP strategic investment Komainu for connectivity, collateral management, and custody.

Bruker Corporation acquired an additional 60% ownership stake in TOFWERK AG, increasing its ownership from 40% to 100%. TOFWERK, headquartered in Thun, Switzerland, develops compact, ultra-fast time-of-flight mass spectrometry systems used in applied small-molecule markets including air quality and semiconductor cleanroom monitoring, as well as food, flavors and fragrances testing. Financial terms were not disclosed.

Healthcare Holding Schweiz AG acquired a majority stake in Medddbase International AG, a specialized provider of commercialization, importer-of-record, and logistics services for medical products across Switzerland, the European Union, and the United Kingdom. Medddbase International is headquartered in Buchs, St. Gallen, and includes Medddbase Schweiz AG and Medddbase Deutschland GmbH. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.

Broadridge Financial Solutions has completed its previously announced acquisition of Acolin, a Zurich-based provider of cross-border fund distribution and regulatory compliance services. The deal expands Broadridge’s European footprint and adds fund “passporting” infrastructure to help asset managers register, launch, and distribute investment funds across multiple jurisdictions while meeting local regulatory requirements.

QuinStreet, Inc. closed its acquisition of SIREN GROUP AG d/b/a HomeBuddy, a home services demand generation provider, for $115 million in cash paid at closing plus $75 million in post-closing payments to be paid in equal installments over four years (subject to closing adjustments). QuinStreet plans to integrate HomeBuddy into its Modernize Home Services business to expand Modernize’s platform with additional products, media, and client relationships. QuinStreet expects the deal to be accretive, adding $30 million or more to adjusted EBITDA in the first 12 months after closing, with further synergies expected.

Destinus Group BV completed the acquisition of Daedalean AG, a Zürich-based developer of safety-critical aviation AI systems, for CHF 180 million (approximately USD 225 million). Daedalean will operate within Destinus as a core hub for AI engineering, autonomy research, and advanced perception technologies, supporting both civil aviation applications and accelerated deployment of defense-focused AI capabilities.

Healthcare Holding Schweiz AG acquired a majority stake in Sevika Medical AG, a Switzerland-based distributor of innovative orthopedic products. The deal expands Healthcare Holding Schweiz’ medical technology portfolio and establishes Sevika Medical as a new orthopedics-focused platform within the group; Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.

Swiss IT consultancy Stellium announced it is joining AXAITRA Group, a European platform focused on Microsoft cloud, data, and AI services. Stellium will continue to operate independently under its existing management team while leveraging AXAITRA’s platform to scale its AI-first Microsoft transformation model across Europe.

Healthcare Holding Schweiz AG acquired a stake in KSM Kunden Service Management GmbH, a Mont-Vully-headquartered specialist in single-use medical products including medical apparel, covers, drapes, and sterile procedure sets for radiology, homecare, urology, and gastroenterology. KSM’s management team will continue to run the business and will remain invested in KSM, while also acquiring an ownership stake in Healthcare Holding Schweiz. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.

Ecolab Inc. closed its previously announced acquisition of Ovivo’s Electronics division/electronics business, a global provider of ultrapure water technologies and systems used in semiconductor manufacturing. Ovivo Water Inc. and its shareholder SKion Water GmbH completed the sale, which was based on an enterprise valuation of approximately C$2.4 billion; the business will remain headquartered near Basel, Switzerland and operate under the brand “Ovivo, Ultrapure Water+ by Ecolab.”

Matrix One, a digital solution provider to the medical devices and life sciences industry backed by Lauxera Capital Partners, acquired dokspot GmbH, a provider of electronic Instructions for Use (eIFU). dokspot’s technology will be integrated into Matrix One’s product suite and rebranded as “Matrix eIFU” to support life sciences companies’ compliance and digital transformation.

ZI Zenith S.à r.l., an indirect subsidiary of funds managed and/or advised by Advent International, completed its public tender offer to acquire u-blox Holding AG, a Swiss provider of positioning and wireless communication technologies. With regulatory approvals secured and conditions satisfied, Advent is settling the offer at CHF 135 per share and will own more than 98% of u-blox, with a statutory squeeze-out and delisting to follow.

Allurity, a European cybersecurity services group, has acquired MSF Partners (Monti Stampa Furrer & Partners), an operational technology (OT) security specialist. The deal expands Allurity’s capabilities in protecting critical infrastructure and industrial environments across Europe, adding OT security strategy, risk management, and large transformation program expertise from MSF Partners.

Healthcare Holding Schweiz AG acquired a stake in QUNIQUE GmbH, an ISO 13485-certified MedTech regulatory affairs and quality management consultancy headquartered in Wohlen, Switzerland. The investment strengthens Healthcare Holding Schweiz’s capabilities in regulatory affairs and quality management, with QUNIQUE’s founder continuing with the business and re-investing alongside the group. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.

Healthcare-focused private equity firm ARCHIMED acquired a majority stake in family-owned ExcellGene and its sister company Magellan Biologics & Consulting. The founders and management are partnering with ARCHIMED, with Maria Wurm continuing as group CEO, to accelerate expansion in biosimilars and high-performance transfection and cell culture solutions for biologic therapeutics.

TIC Holding Schweiz AG, a buy-build-and-technologize platform financed by Winterberg Investment X and managed by Winterberg Advisory GmbH, acquired TransGeo AG (TransGeo SA), an ISO/IEC 17025-accredited construction materials testing and geotechnical/advisory laboratory based in Gümlingen near Bern, Switzerland. The transaction was effective retroactively as of January 1, 2025, with TransGeo continuing to operate as an independent testing laboratory within TIC Holding Schweiz. The deal also provides a succession solution for outgoing majority shareholder/CEO Christian Wyss, with operational leadership expected to transition to long-time employee Folco Giacomini by end of 2026.

Schivo acquired Mecaplast SA, a Swiss manufacturer specializing in high-precision injection-moulded plastics, metals, and ceramics for the medical device and life sciences sectors. Based in Botterens, Switzerland, Mecaplast adds micro-/over-molding, mold manufacturing, cleanroom assembly, and automation capabilities to strengthen Schivo’s vertical integration and expand advanced molding support across Schivo’s international operations.

Mikrona Group AG, a subsidiary of Healthcare Holding Schweiz AG, completed the acquisition of FTC Frey Trading & Consulting Sàrl (operating as FTC Dental) and its affiliated online training platform MyDentalExpert Sàrl in Switzerland. Founder Bernhard Frey will retain a stake in both businesses and continue as Managing Director, with the transaction positioned as a strategic expansion of Mikrona’s dental and orthodontic solutions and education offering.

Blockstream acquired Lugano-based digital asset company Elysium Lab to establish Blockstream CH SAGL, its new European headquarters and incubator entity in Switzerland. The transaction forms the basis of “Blockstream Europe,” bringing Elysium Lab’s team, patents, and intellectual property into Blockstream to expand Bitcoin infrastructure and R&D across Europe.

Banyan Software acquired Teamup Solutions, a Switzerland-based provider of flexible, cloud-based team calendaring and resource scheduling tools. Founded in 2014 by Jenny Zhan and Gabriel Sidler, Teamup’s platform helps organizations coordinate people, resources, and projects through customizable calendar views, access controls, and no-login scheduling.

Legrand acquired Switzerland-based Amperio Project and Portugal-based Quitérios to strengthen its data center-related electrical and power distribution capabilities. Amperio Project is a busbar specialist headquartered in Murten, Switzerland, while Quitérios manufactures electrical and digital modular distribution boards and is based in Mira, Portugal; financial terms were not disclosed.

Shift4 Payments, Inc. completed its acquisition of Global Blue Group Holding AG via a tender offer conducted by its indirect wholly owned subsidiary, GT Holding 1 GmbH. Shift4 paid $7.50 per Global Blue common share in cash and obtained approximately 97.37% of shares tendered, with plans to delist Global Blue from the NYSE and complete a Swiss-law squeeze-out merger to acquire the remaining shares. As part of the transaction, Ant International and Tencent are expected to become strategic partners with Shift4 to explore collaborations around Alipay+ and WeChat Pay within the Shift4 ecosystem.

Shift4 Payments, Inc. completed its acquisition of Global Blue Group Holding AG via a cash tender offer at $7.50 per share, initially purchasing approximately 97.37% of Global Blue’s outstanding shares. Shift4 subsequently completed a Swiss-law squeeze-out merger to acquire the remaining shares, delisted Global Blue from the NYSE, and integrated Global Blue’s tax-free shopping and dynamic currency conversion capabilities into Shift4’s unified commerce platform.

Rothschild & Co’s Swiss Wealth Management business, Rothschild & Co Bank AG, has acquired Zurich-based Tenalis AG, an independent Swiss advisory firm focused on inheritance law and succession planning. The deal expands Rothschild & Co’s Swiss client offering across succession planning, taxation, and real estate consulting. Tenalis AG’s management and brand will be retained, with founder Jacqueline Schwarz Mattes continuing to lead the business as Managing Director.

Grant Thornton Advisors LLC announced agreements to expand the multinational platform it formed with Grant Thornton Ireland to include Grant Thornton Switzerland/Liechtenstein and Grant Thornton Limited in the Channel Islands. The platform expansion is backed by an investor group led by New Mountain Capital and is expected to close later this year, subject to regulatory approvals and other customary conditions.

Equistone Partners Europe has fully realised its investment in KWC Group through the sale of KWC Professional to France-headquartered DELABIE Group. KWC Professional, headquartered in Unterkulm, Switzerland, provides tapware and sanitary solutions for (semi-)public and commercial buildings across Europe and the Middle East, and the deal will create a leading pan-European industrial group.

Healthcare Holding Schweiz AG acquired Ino Medical Solutions GmbH, expanding its Swiss medical technology distribution and services portfolio. Ino Medical Solutions, based in Rapperswil-Jona, supplies sterile containers, surgical instruments, and implants to hospitals and sterilization centers across Switzerland. The buyer is managed by Winterberg Advisory GmbH and KKA Partners, and the transaction is positioned as a succession-oriented acquisition.

Safe Life, a provider of life-saving equipment and training, has acquired resQshock, a Swiss company specializing in the sale, service, and maintenance of automated external defibrillators (AEDs) and related training. The deal marks Safe Life’s entry into the Swiss market and supports its ongoing European expansion strategy amid growing demand for AEDs and public safety equipment.

IonQ has completed the acquisition of a controlling stake in ID Quantique (IDQ), expanding its quantum networking and secure communications capabilities. The deal adds IDQ’s quantum key distribution, quantum random number generation, and single-photon detection technologies, along with nearly 300 granted and pending patents, strengthening IonQ’s end-to-end quantum solutions and global footprint.

Healthcare Holding Schweiz AG acquired CDP Swiss AG and its subsidiary CDP Austria GmbH to expand its medical aesthetics and medical beauty offering. CDP Swiss is headquartered in Affoltern, Switzerland, and distributes medical aesthetic devices and dermaceutical product lines alongside related services and training. Healthcare Holding Schweiz is managed by Winterberg Advisory and KKA Partners.

HR Path, a global provider of HR consulting and HRIS solutions, announced the strategic acquisition of smahrt consulting AG. Switzerland-based smahrt specializes in HR-IT consulting, implementation, and outsourcing services, particularly around SAP HCM and SAP SuccessFactors, expanding HR Path’s presence and capabilities in Switzerland.

Healthcare Holding Schweiz AG acquired Aestheticbedarf AG, an ISO-certified Swiss distributor of branded products and devices for aesthetic applications. The deal expands Healthcare Holding Schweiz’s newly established Medical Beauty platform, alongside CDP Swiss AG and CDP Austria GmbH.

XponentL Data Inc. announced the acquisition of SmartBits, a digital, data & AI consultancy headquartered in Zug, Switzerland. The deal expands XponentL’s data strategy and platform/software engineering capabilities and strengthens its European footprint, including plans to launch XponentL’s Innovation Lab.

Healthcare Holding Switzerland AG completed the acquisition of Schaublin Medica SA, buying 100% of the shares as part of a succession plan. Schaublin Medica, headquartered in Plan-les-Ouates, Switzerland, distributes cardiac and vascular surgery devices (including vascular grafts, endoprostheses, stents, and drug-coated balloon catheters) and provides related consulting, training, and service support to hospitals across Switzerland.

Entrepreneur Adrian Kreter fully acquired Swiss omnichannel technology company Annanow in December 2024. Annanow (founded in 2017) provides unified commerce/ecommerce solutions that connect physical retail and digital channels, and the acquisition is positioned as a strategic investment to support the company’s next phase of innovation and European growth.

Mikrona Group AG acquired Dental Axess AG, a Switzerland-based specialist in digital dentistry service and distribution. As part of the deal, the Swiss service and distribution business is separated from Dental Axess Holding AG, allowing the broader Dental Axess Group to focus on developing digital workflows and proprietary software while maintaining distribution activities outside Switzerland.

jrni announced it has merged with Swiss digital appointments company Calenso and experiential events software provider Event Farm to build a single global platform for in-person customer interactions, including appointments, queuing, and events (plus virtual appointments). Calenso will operate as a Swiss-based subsidiary with data residency and processing remaining in Switzerland, while the combined group continues to support the standalone Calenso and Event Farm products during platform integration.

Granules India Limited agreed to acquire Swiss-based Senn Chemicals AG for Rs 192 crore. Senn is a peptide-focused contract development and manufacturing organization (CDMO), and the deal is expected to close in the first half of 2025 subject to conditions. The acquisition expands Granules' capabilities in peptide-based therapeutics and CDMO services for regulated global markets.

Aethos, a Switzerland-based lifestyle hotel and members’ club brand, has acquired Yayem, an experiential members’ club and travel app. The deal is intended to combine Yayem’s digital membership platform with Aethos’ network of hotels, clubs, and experiences to create an integrated “Aethos Club” member offering powered through a single Aethos mobile app. Yayem co-founder Lindsey Elkin will join Aethos as Vice President of Membership.

DERTOUR Group agreed to acquire Hotelplan Group from Migros, excluding the holiday-home business Interhome, which is being acquired by HomeToGo Group. The deal covers four of Hotelplan’s five business units, including travel retail and tour operating operations in Switzerland, Germany, and the United Kingdom, and is subject to antitrust approvals. Transaction terms were not disclosed.

Adragos Pharma, a global pharmaceutical CDMO headquartered in Munich, Germany, has acquired Baccinex, a Swiss aseptic sterile fill-finish manufacturing specialist. The deal expands Adragos’ global manufacturing network and strengthens its sterile liquids and lyophilization capabilities through Baccinex’s EU-GMP and US FDA-certified facility in Courroux, Jura, Switzerland.

Cra-Z-Art, a division of LaRose Industries, LLC, announced it has acquired Switzerland-based Joker AG, maker of the Slimy toy compound brand. The deal creates a larger global manufacturer of multi-compound toy products and expands Cra-Z-Art’s portfolio and international reach.

Buyers Edge Platform acquired Switzerland-based MM&C, a hospitality procurement specialist serving the luxury hotel market. The deal provides Buyers Edge Platform an entry point into Switzerland and supports its strategy to expand its European digital procurement network for foodservice businesses.

TIC Holding Schweiz, backed by Winterberg, completed the acquisition of Metron Measurement SA, an SCS-accredited laboratory specializing in calibration of measurement equipment across multiple physical and electrical quantities. The transaction establishes Metron as the nucleus/first platform company of TIC Holding Schweiz’s buy-and-build strategy in Swiss testing, inspection, and certification (TIC) services. Brütsch Rüegger Tools sold its stake, and Metron CEO Alessandro Capone will remain in his role and take a significant shareholding in TIC Holding Schweiz.

Park Systems Corp. acquired Lyncée Tec SA, a Switzerland-based pioneer in Digital Holographic Microscope (DHM) technology. The deal expands Park Systems’ optical metrology portfolio and supports its strategy to offer a broader suite of equipment solutions for semiconductor processes, including plans to integrate DHM into its AFM platform and develop a fully automated DHM system for semiconductor applications such as advanced packaging.

TIC Holding Schweiz AG, a buy-build-and-technologize testing, inspection and certification (TIC) platform financed by Winterberg Investment X and managed by Winterberg Advisory GmbH, acquired LCBE Laboratoire de Contrôle bétons, enrobés et sols SA (LCBE SA). LCBE, an ISO/IEC 17025-accredited construction materials testing laboratory headquartered in Bossonnens, Fribourg, Switzerland, will continue operating as an independent entity within the group, with former owner Daniel De Nicola remaining as Managing Director.

Solstice Labs, an institutional DeFi business backed by Deus X Capital, acquired assets from Switzerland-based institutional staking operation Bridgetower Capital GmbH. The acquired operations and partnerships will be housed under Solstice Staking AG, a Swiss public limited company in Zug that is wholly owned by Solstice Labs, expanding its institutional-grade staking infrastructure and services.

Verlingue, an insurance broker and subsidiary of the Adelaïde Group, acquired ProConseils Solutions, an insurance brokerage focused on French-speaking Switzerland. The deal strengthens Verlingue’s Swiss presence and expands its insurance coverage expertise for businesses, local authorities and medico-social establishments, aligning with Verlingue’s “Better Future 28” strategic plan.

Myant Corp. announced the acquisition of Switzerland-based textile computing companies Nanoleq and Osmotex, expanding Myant’s advanced materials and connected-health capabilities. The deal adds Nanoleq’s smart textile biosensing and sensor technologies and brings in Osmotex’s moisture/liquid-management technologies (acquired following a joint-venture phase). Myant will use Zurich as a base for its EU and EMEA expansion.

RealWear announced the acquisition of Almer Technologies, a Swiss developer of ultra-compact augmented reality smartglasses for industrial frontline workers. The deal is strategically and financially backed by TeamViewer, which has been a minority investor in both companies and will continue in that role post-transaction. The combination aims to accelerate industrial adoption of wearable AR solutions by pairing RealWear’s rugged wearables with Almer’s subscription-based headset offerings.

Netrics Group, a provider of managed cloud and digital workplace solutions, has acquired Swiss-based public cloud specialist Solify GmbH. The deal expands Netrics’ Azure-centric public cloud capabilities (migration, automation, cost optimization, security, and operations) and supports its growth strategy under ownership by funds advised by Bregal Unternehmerkapital (BU). Solify will continue operating under its existing name with its team remaining a direct customer contact.

Astorg Mid-Cap signed a binding agreement to acquire a majority stake in Redslim from its founders, who will significantly re-invest alongside management. Redslim is a Switzerland-headquartered data management services provider with a proprietary technology platform focused on Consumer-Packaged Goods and Consumer Healthcare, and Astorg will support its growth and international expansion.

AMPCO METAL acquired Switzerland-based Schmelzmetall Group, a producer of high-performance copper alloys and copper-based metal powders. The deal expands AMPCO METAL’s capabilities in additive manufacturing, aerospace and defense materials, and advanced welding/casting expertise, with integration of Schmelzmetall’s sales team expected to be completed by year-end.

Healthcare Holding Schweiz AG, managed by Winterberg Advisory GmbH, completed the acquisition of MVB Medizintechnik AG of Frick, Switzerland. The deal adds MVB’s distribution expertise in cardiotocography for gynecology/obstetrics and shock wave therapy devices, strengthening Healthcare Holding’s women’s health and therapeutic devices offering. Previous owners Günter Dreikorn and Henry Brülhart will remain with the company to support continuity.

Inflection AI acquired Boundaryless, a European robotic process automation (RPA) and data/automation solutions provider, to accelerate enterprise deployments of Inflection AI’s trusted AI agent capabilities. As part of the deal, Boundaryless’ headquarters in Switzerland will become Inflection AI’s first European office, supporting sales, implementation, and partner enablement across EMEA.

Matrixport completed an all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a FINMA-licensed Swiss crypto asset manager previously part of Deutsche Börse Group-owned Crypto Finance Group. Following the deal, the Switzerland-based unit was renamed Matrixport Asset Management AG (MAM), expanding Matrixport’s regulated footprint and crypto asset management presence in Europe. The transaction received required regulatory approvals, including from FINMA, and has closed.

Summa Equity, a Stockholm-based private equity firm, has acquired NetGuardians, a Switzerland-headquartered provider of AI-driven fraud prevention and anti-money laundering (AML) solutions. The deal creates an opportunity to combine NetGuardians’ fraud detection technology with Summa portfolio company Intix’s Know Your Transaction (KYT) data management platform to build a next-generation financial crime solutions group.

eMolecules, Inc. acquired Synple Chem AG, a provider of automated chemical synthesis systems and a large virtual compound library for small-molecule drug discovery. The combination expands eMolecules’ offering beyond compound search and fulfillment into automation solutions and broadens its virtual compound coverage for pharmaceutical and biotech researchers. eMolecules is backed by Avista Healthcare Partners.

Abenex has completed an investment in Santis LAB, a Franco-Swiss laboratory that develops and markets health-benefit food supplements sold through a network of approximately 2,000 pharmacies. Santis LAB’s CEO and co-founders will invest alongside Abenex and retain operational roles. The investment is intended to help Santis consolidate its market position and accelerate expansion into adjacent markets and new geographies.

EQT Private Equity and its co-shareholders have agreed to sell Open Systems, a Zurich-headquartered provider of cloud-based network and cybersecurity (SASE) solutions, to Swiss Post. The deal is expected to close in Q4 2024 subject to customary regulatory approvals, and Open Systems will continue under CEO Daniel Neuhaus within Swiss Post’s Communication Services business.

Neo Medical SA, a Swiss spine-surgery technology company, secured up to $68 million (CHF 58 million) in a strategic equity financing round, including conversion of existing shareholder loans. The round was led by Gyrus Capital SA with participation from existing investors and founders, and the proceeds will support global expansion (with a near-term focus on the United States) and further development of Neo Medical’s AI-driven augmented reality intraoperative data platform, ADVISE.

aosphere, a provider of online legal and compliance analysis solutions, has acquired BRP Bizzozero & Partners Group (BRP), a privately owned compliance solutions provider focused on banking and financial regulation. BRP, founded in 2010 and headquartered in Geneva, strengthens aosphere’s cross-border financial compliance offering, expanding the combined group’s coverage across key financial services segments worldwide.

Calibre Scientific acquired Wikuma GmbH, a Switzerland-based provider of laboratory equipment services including installation, maintenance, and repair. The deal expands Calibre Scientific’s service capabilities and footprint in Switzerland and the broader DACH region, enabling a more integrated suite of lab products and services across continental Europe.

LIAN Group acquired Scientis, a Swiss cosmeceutical/dermatology company focused on skin pigmentation and known for its flagship product line Cyspera. The deal expands LIAN Group’s healthcare investment platform into the beauty and wellbeing sectors and is intended to accelerate Scientis’ growth and global market penetration.

LIAN Group announced the acquisition of Scientis, a Swiss cosmeceuticals company focused on dermatology and skin pigmentation. The deal adds Scientis and its flagship Cyspera product line to LIAN Group’s healthcare investment platform, with LIAN aiming to accelerate Scientis’ global expansion and operational scale-up.

LIAN Group announced the acquisition of Scientis, a Swiss cosmeceutical/dermatology company focused on skin pigmentation treatments and best known for its Cyspera product line. The deal is intended to expand LIAN Group’s healthcare investment platform beyond dentistry into beauty and wellbeing, supporting Scientis’ global growth and market expansion building on its presence in Asia and the United States.

BuildTec Software Group, a European construction and trades software platform founded by funds advised by Bregal Unternehmerkapital (BU), has partnered with and added SORBA EDV AG to its group. SORBA, headquartered in St. Gallen, Switzerland, provides modular construction ERP and project management software used by over 2,500 construction-industry customers. The combination is intended to accelerate growth in Switzerland and the broader DACH region.

Danaher Corporation has acquired Genedata AG, a provider of software solutions for biopharmaceutical R&D, adding it to Danaher’s Life Sciences segment. The combination is intended to strengthen Danaher’s workflow solutions supporting drug discovery, development, and manufacturing for new therapies.

An affiliate of Regent acquired Bally International A.G., a Switzerland-based luxury shoe and accessories company, from JAB. The deal transfers ownership of the heritage luxury brand (founded in 1851) to Regent, which plans to guide Bally’s next phase of growth and creative direction.

EQT, through its EQT X fund, agreed to acquire a majority stake in Acronis, a cyber protection platform providing integrated cybersecurity, data protection, and endpoint management for MSPs and corporate IT departments. Acronis’ founders and management, along with existing investors including CVC, Springcoast, and BlackRock Private Equity Partners, will remain significant minority shareholders. The transaction is subject to customary regulatory approvals and is expected to close in Q1–Q2 2025.

Pollen Street Capital has signed definitive agreements for the shareholders of Etops Group AG to join its newly formed European wealthtech consolidator. Etops, a Swiss SaaS provider to wealth and asset managers, will become a strategic first acquisition for the combined pan-DACH group, with founder/CEO Pius Stucki and other key shareholders reinvesting and joining the group leadership team.

Carrier Global Corporation, via its Sensitech business, completed the acquisition of the Monitoring Solutions business of Berlinger & Co. AG. The deal expands Sensitech’s cold chain monitoring and supply chain visibility offerings for pharmaceutical, life sciences, clinical trial, and global health temperature-sensitive shipments, adding monitoring technology plus related software and analytics capabilities.

Medical Technology and Devices (MTD Group) completed the acquisition of Ypsomed’s Pen Needles and Blood Glucose Monitoring Systems (BGM) businesses, a deal first announced in late March 2024. MTD will integrate the acquired operations into its European production and distribution network to expand capacity and strengthen its diabetes and obesity care product portfolio. The company also announced a significant investment plan for its European production sites following the closing.

Healthcare Holding Schweiz AG, a Swiss medtech services and distribution group managed by Winterberg Advisory GmbH, has completed the acquisition of Naropa Reha AG. The deal adds Naropa’s rehabilitation and care products portfolio and wheelchair fitting/maintenance capabilities, strengthening Healthcare Holding’s presence in the Swiss healthcare market. Naropa’s previous owner, Herbert Dietsche, sold the company to Healthcare Holding Schweiz.

Funds advised by Bregal Unternehmerkapital (BU) acquired a majority stake in BSI Software AG, a provider of CRM and customer experience (CX) software. The transaction represents a full exit for Capvis Equity V LP after four years as investor, while BSI’s founders, management, and employees will remain significantly invested. Financial terms were not disclosed and closing is subject to regulatory approvals.

Similarweb Ltd. (NYSE: SMWB) acquired 42matters, an app intelligence provider headquartered in Zurich, Switzerland, to strengthen Similarweb’s leadership in app intelligence and expand its data capabilities. 42matters will continue to operate as “42matters, a Similarweb company,” and the companies plan to integrate 42matters’ app store, engagement, and mobile SDK datasets into Similarweb’s app intelligence and Data-as-a-Service offerings. Financial terms were not disclosed.

PHM Group completed the acquisition of Investis Group’s entire real estate services business in Switzerland on 24 June 2024, adding property management and maintenance operations serving residential and commercial properties. As part of the transaction, Investis Group took a minority stake in PHM and Investis CEO Stéphane Bonvin joined PHM’s board, supporting PHM’s expansion and consolidation in the Swiss residential property services market.

Netrics Group, a platform acquired by funds advised by Bregal Unternehmerkapital (BU) in November 2023, has purchased a majority stake in Swiss-based GARAIO AG. The deal is Netrics’ first add-on acquisition under BU ownership and expands Netrics’ capabilities in digitalization consulting, customized software, modern workplace, and cloud services.

Johnson & Johnson (J&J) entered into a definitive agreement to acquire Yellow Jersey Therapeutics, a wholly owned subsidiary of Numab Therapeutics AG, for $1.25 billion in cash. The acquisition includes rights to NM26, a Phase 2-ready bi-specific antibody for atopic dermatitis, giving J&J global rights to develop, manufacture, and commercialize the program. Yellow Jersey Therapeutics is to be spun off to Numab’s shareholders prior to the transaction closing, which is expected in the second half of 2024 subject to customary conditions.

KWC Group, an Equistone Partners Europe portfolio company, is selling its home division (KWC Home) to Italian sanitary specialist Paini S.p.A. Rubinetterie. The transaction value was not disclosed and is expected to continue and deepen the existing partnership between KWC Home and Paini.

Healthcare Holding Schweiz AG, a Swiss medtech services and distribution group managed by Winterberg, completed the acquisition of MCM Medsys AG. The deal expands Healthcare Holding’s portfolio with MCM’s ~900-product catalog across interventional therapy, surgery, nephrology, oncology and related areas, and adds a presence in Solothurn as part of a succession plan for the seller.

Safe completed a strategic acquisition of the Multis source code and welcomed Multis’ senior leadership team into the Safe Ecosystem Foundation. Former Multis CEO Thibaut Sahaghian will join Safe as Network Abstraction Lead, with the combined teams focused on building cross-chain smart wallet infrastructure to improve Web3 user experience.

Datasite, a Minneapolis-based SaaS platform provider, announced it has acquired Sherpany, a Zurich-based board reporting and meeting management software company. Financial terms were not disclosed, and the transaction is expected to close in Q1 2024 subject to customary closing conditions. Sherpany will operate as a strategic business unit within Datasite and continue as a standalone entity supported by Datasite investment.

Volaris Group, an operating group of Constellation Software Inc., announced it has acquired Zeit AG, a Swiss provider of workforce management and time tracking solutions for complex European organizations. Zeit AG will continue to operate independently under CEO Stefan Müller and its existing leadership team.

Vencora UK Limited successfully completed a public tender offer to acquire CREALOGIX Holding AG, settling the offer on February 22, 2024 and reaching 99.07% ownership of CREALOGIX shares. The acquisition expands Vencora’s presence in banking technology, while CREALOGIX will continue to operate independently under its existing leadership. Vencora plans to initiate squeeze-out proceedings and pursue delisting of CREALOGIX from the SIX Swiss Exchange.

Constantia Flexibles, a global flexible packaging manufacturer and a portfolio company of an affiliate of One Rock Capital Partners, completed the acquisition of a majority stake in Aluflexpack AG. Constantia acquired about 57% of Aluflexpack shares from Montana Tech Components AG (MTC) and Xoris GmbH and also settled a public tender offer for remaining publicly held shares, initiating a squeeze-out process and seeking delisting of Aluflexpack shares.

Calibre Scientific acquired RUWAG Handels AG (RUWAG), a Switzerland-based provider of diagnostics and life sciences products and services serving hospitals, labs, universities, and pharmaceutical companies. The acquisition expands Calibre Scientific’s product and service offering and strengthens its platform in Switzerland and the broader DACH region.

ABB has acquired Swiss AI-enabled 3D vision navigation technology provider Sevensense, an ETH Zurich spin-off founded in 2018. ABB plans to integrate Sevensense’s Visual SLAM technology into its autonomous mobile robot (AMR) portfolio to improve navigation speed, accuracy, and deployment time. Financial terms were not disclosed, and Sevensense’s team will remain based in Zurich, Switzerland.

PQ has acquired the specialty silicate business of the vanBaerle Group. Headquartered in Münchenstein, Switzerland, vanBaerle manufactures high-grade specialty silicates and customized blended solutions used across industrial applications including welding processes. The transaction expands PQ’s specialty silicate product and service offerings and broadens its customer reach globally.

Vail Resorts, Inc. has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group (CPIPG). The deal includes the acquisition of controlling stakes in the operating entities for the resort’s lifts and a ski school operator, as well as full ownership of 11 on-mountain and nearby restaurants, expanding Vail Resorts’ European resort footprint.

Healthcare Holding Schweiz AG, managed by Winterberg Advisory GmbH, has acquired Mikrona Group AG in November 2023. The deal adds Mikrona’s orthodontic and selected dental products distribution business, including its Ortho Walker unit, expanding Healthcare Holding’s medtech services and distribution offering in Switzerland. Mikrona’s management indicated they will retain some shares and continue to support the business post-transaction.

Funds advised by Bregal Unternehmerkapital (BU) are acquiring a majority stake in Netrics Holding AG, a Swiss cloud and modern workplace provider, from Waterland Private Equity. BU will support Netrics’ next growth phase and the continuation of its M&A strategy in the cloud and managed services sector.

Macquarie Asset Management closed an investment of up to US$325 million in Atlas Agro Holding AG and affiliated project entities through the Macquarie GIG Energy Transition Solutions (MGETS) fund. The funding will support Atlas Agro’s development of industrial-scale green nitrogen fertilizer plants using green hydrogen, including initial construction efforts in the United States and expansion across the Americas.

Veryon, an aviation information services and software provider, announced the acquisition of Rusada, a longstanding aviation maintenance management software company. The deal expands Veryon’s aviation software portfolio and strengthens its global position in aviation maintenance and operations management solutions, adding Rusada’s ENVISION platform and international customer base.

Healthcare Holding Schweiz AG acquired Winther Medical AG as a major add-on to its Swiss medtech services and distribution buy-and-build platform. The acquisition is intended to create synergies, broaden the product portfolio, and strengthen the group’s presence in hospital and emergency care.

Customs Support announced the acquisition of Zollimpex, a customs broker and consulting firm in Switzerland that is part of BKM Customs and Consulting AG. The deal supports Customs Support’s buy-and-build strategy and strengthens its footprint in Switzerland while expanding its digital customs services offering in the region.