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M&A Report

M&A Report

The report provides an overview of the M&A activities in Switzerland.

The report provides an overview of the M&A activities in Switzerland.

Merger and acquisition activity among Swiss companies and investors was extremely high in 2018 and paved the way to a record-breaking year in the M&A business. This is one of the insights revealed by KPMG’s Clarity on M&A study. The number of transactions with Swiss involvement rose by around a quarter (+24.8%) over the previous year to reach 493 deals, the highest number ever recorded since these statistics were first compiled in 2007. While the transaction volume also increased substantially over 2017, from USD 101.5 billion to USD 132.9 billion (+30.9%), it still fell short of the USD 188.1 billion record set in 2014.

Top 10 Swiss M&A transactions 2018

Announced date Target Stake in % Target country Bidder Bidder country Value (USDm)
March GlaxoSmithKline Consumer Healthcare 37 United Kingdom GlaxoSmithKline Plc United Kingdom 13,039
December ABB Ltd (Power Grids business) 80 Switzerland Hitachi Ltd. Japan 9,400
April AveXis Inc. 100 USA Novartis AG Switzerland 8,700
May Starbucks Corporation (Consumer Packaged Goods and Foodservice distribution business) USA Nestlé S.A. Switzerland 7,150
May Techem GmbH 100 Germany

Partners Group AG; Caisse de dépôt et placement du Québec (CDPQ); Ontario Teacher's Pension Plan

Switzerland; Canada; Canada 5,374
January Patron Spirits International AG 100 Switzerland Bacardi Limited Bermuda


May Rosneft Oil Company OAO 9 Russia Qatar Investment Authority Qatar 4,427
July VTG AG 71 Germany Morgan Stanley Infrastructure Inc. USA 3,245
May SIX Payment Services AG 100 Switzerland Worldline SA France 2,902
January Nestlé S.A. (US Confectionery Business) USA Ferrero SpA Italy 2,800


Number and value of deals per quarter