by M&A activity for the year as a whole was most intense in the TMT (technology, media and telecommunications) sector Keystone / Obs/caritas Schweiz / Caritas Su - Click to enlarge The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down. Overall, the number of transactions with Swiss participation fell from 402 to 363. At .1 billion (CHF56 billion), the transaction volume was only half what it was in 2019 – mainly owing to the absence of mega-deals, consultants KPMG said on Thursday. In the second quarter in particular the M&A market suffered a severe slump. Only 74 transactions were completed, the lowest number since the beginning of 2017, while
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swiss Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024
M&A activity for the year as a whole was most intense in the TMT (technology, media and telecommunications) sector Keystone / Obs/caritas Schweiz / Caritas Su - Click to enlarge
The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down.
Overall, the number of transactions with Swiss participation fell from 402 to 363. At $63.1 billion (CHF56 billion), the transaction volume was only half what it was in 2019 – mainly owing to the absence of mega-deals, consultants KPMG said on Thursday.
In the second quarter in particular the M&A market suffered a severe slump. Only 74 transactions were completed, the lowest number since the beginning of 2017, while the transaction volume of $7.1 billion was the lowest quarterly figure since the end of 2015.
M&A activity for the year as a whole was most intense in the TMT (technology, media and telecommunications) sector. In 2020 more than a fifth of all transactions and more than a third of the transaction volume were attributable to this sector. The two largest deals were also completed in this sector (the purchase of Sunrise by Liberty Global and the merger of CPA Global with Clarivate Analytics).
Swiss companies also acquired significantly more foreign companies last year than the other way around. In 154 cases (42% of transactions) foreign companies were acquired by Swiss companies and in 84 cases (23%) Swiss companies were acquired by foreign companies.
For 2021 KPMG expects a “moderate” development in the M&A market, predicting momentum to increase in the e-commerce sector in particular.
You Might Also Like
New Swiss Rail Timetable Speeds up Cross-Border Trips
2020-08-28
Next year the train connections from Switzerland to Germany and Italy will be faster. On Wednesday the Swiss Federal Railways unveiled the timetable for 2021. In addition to various inland tweaks, the new schedule brings swifter links from Zurich to Milan (3:17) and Munich (ca. 4hrs). From Zurich there will be ten direct trains to Milan; from Basel, five.
Swiss Tourism Industry demands new Covid-19 Quarantine Regime
2020-09-14
Foreign visitors from Covid-19 high risk countries should be able to travel to Switzerland with negative corona tests and not have to go into quarantine, say tourism officials. Under Swiss regulations, anyone entering Switzerland from one of the high risk coronavirus countries on a list regularly updated by the Federal Office of Public Health must go into quarantine for ten days to help curb the spread of Covid-19, or risk a fine.
Covid-19: Swiss ‘industry mix’ helps avert dramatic GDP slump
2020-09-28
Government economists say the impact of the pandemic in Switzerland is slightly less severe than previously feared. This is partly thanks to the mix of industries in Switzerland and the decision to rapidly lift coronavirus restrictions, according to the State Secretariat for Economic Affairs (SECO).
Switzerland ranked sixth in digital competitiveness study
2020-10-03
The Alpine nation has slipped one place to sixth in the “World Digital Competitiveness ranking” compiled by the Lausanne-based IMD business school.
Zurich prosecutor charges former Raiffeisen bank chief Vincenz
2020-11-05
The Zurich public prosecutor has accused the ex-CEO of Swiss bank Raiffeisen Pierin Vincenz of fraud, embezzlement and bribery following a two-year criminal investigation.
Switzerland among best placed to recover from Covid crisis
2020-12-16
Switzerland is among the countries best equipped to withstand the effects of the global pandemic, although no nation has emerged unscathed, according to the World Economic Forum (WEF).
First Covid-19 vaccine approved for Swiss use
2020-12-21
Swiss health regulator Swissmedic has approved the coronavirus vaccine from Pfizer/BioNTech. According to the Swiss authorities, the level of protection is over 90% a week after the second dose.
Switzerland hit by widespread malware campaign
2021-01-10
Several security bodies in Switzerland have been targeted by emails that appear to come from official organisations such as banks or the police and contain a password for a zip file. When this file is opened, the computer becomes infected with a trojan called Emotet.
Tags: Featured,Latest news,newsletter