Case studies

Ascensia Diabetes Care Holdings

Implementing a successful global structure

In early 2016, Ascensia Diabetes Care Holdings AG successfully established as a new company. This followed the completion of the acquisition by Panasonic Healthcare Holdings of the Diabetes Care business from Bayer. The tax side of the transaction was supported by a comprehensive Deloitte team.

Deloitte assisted Panasonic Healthcare and KKR funds in the acquisition of the worldwide Diabetes Care business from Bayer. Deloitte’s support was not limited to the tax structuring services but was also actively involved in considerations around financing and a the selection of new global headquarters, named Ascensia Diabetes Care Holdings AG, located in Switzerland. The complexity of the transaction required continuous dedication from Deloitte teams across the globe and a strong collaboration with our client.

Deloitte assisted our team on this transaction from day one and was always ready to adapt to new situations and circumstances. Even post-closing, we can still rely on the tax expertise of Deloitte for assistance during the implementation phase.

— Jan Vannerum, CFO/CAO, Ascensia Diabetes Care Holdings AG

This client story is from the Deloitte Switzerland Annual Review 2016

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