Swiss SMEs

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Swiss SMEs: M&A activity in H1 2018

Welcome to the 10th edition of the Deloitte SMEs M&A activity report.

M&A activity of Swiss SMEs increased noticeably in H1 2018. The number of transactions recorded rose by 6.4%, due mainly to cross-border transactions. German companies were the main acquisition targets abroad and the number of Swiss companies taken over by foreign companies increased as well. The strongest M&A activity observed in H1 2018 was in the industrial sector.

Key findings H1 2018:

Outlook

CFOs are very optimistic for the Swiss economy and Swiss businesses outlook, as the global economic conditions are seemingly favourable. However, unknowns remain with the probability of another crisis in the Euro Zone following the formation of a populist government coalition in Italy and political risks such as the continuing uncertainty surrounding the Brexit negotiations and the looming US trade war with Europe and China.

In light of these uncertainties, a cautiously optimistic M&A outlook for Swiss SMEs can be expected for the second half of 2018.

About the Deloitte Swiss SMEs Report

The Deloitte report "Swiss SMEs – M&A activity in H1 2018" investigates the M&A transactions of small and medium-sized enterprises (SME). According to Deloitte, in order to belong to the SME segment, a company must satisfy 3 criteria: revenue exceeding CHF 10 million, less than 250 employees and a market capitalisation (transaction value) of between CHF 5 million and CHF 500 million. The transactions were analysed over the period from 01.01.2018 to 30.06.2018.

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