Market Pulse

Incumbents buy the AI layer as capital floods back into Swiss life-science

Temenos buys additiv to consolidate the AI layer of Swiss banking software, while capital floods back into Swiss life-science — week 24.

A NASDAQ buyer strikes twice in Swiss deeptech as the wealth-manager cull accelerates

SEALSQ's double deeptech strike, KIBAG's succession buy, and the regulatory cull of Swiss wealth managers — week 23 in Swiss M&A.

Big Pharma and a $3.5B SPAC put Swiss deeptech on the global board

Eli Lilly buys two Swiss vaccine makers in one $4B sweep, Terra Quantum lists at $3.5B, and the wealth roll-up reaches Hamburg — week 22 in Swiss M&A.

Strategic buyers match PE deal-for-deal as distress signals intensify

Eight press deals span luxury heritage, deeptech salvage, and Asian PE exits — while distress events jump 18% week-on-week.

A quiet week where succession, not size, was the signal

A quiet trading week where the real signal was succession: a 19-year-old Zurich software house hands over, and three AI startups raise into a thin market — week 20 in Swiss M&A.

Swiss SME Market Pulse - 2026-W13

Swiss SME Market Pulse - 2026-W12

Swiss SME Market Pulse - 2026-W11

Three multinational rollups in a single week — Equans (Bouygues), CGI (Montreal), and MCM Schaublin (medtech) — signal that cross-border consolidation of Swiss operating entities is accelerating beyon

Swiss SME Market Pulse - 2026-W10

Switzerland's commercial register recorded 6,868 publications this week, with Zurich (18.

Swiss SME Market Pulse - 2026-W09

W09 delivered the most stable readings of 2026 so far, with nearly every KPI posting single-digit week-on-week changes.

Swiss SME Market Pulse - 2026-W08

The Swiss corporate register continued its gradual cooldown in W08, with board changes falling below 2,000 for the first time in 2026 (1,939, -8.

Swiss SME Market Pulse - 2026-W07

Activity moderated in W07 as the January registration wave receded.

Swiss SME Market Pulse - 2026-W06

New registrations surged 17.

Swiss SME Market Pulse - 2026-W05

The Swiss commercial register settled into a stable rhythm in W05, with most KPIs posting modest single-digit declines week-on-week.

Swiss SME Market Pulse - 2026-W04

The Swiss commercial register reached cruising speed in W04, with activity levels stabilizing after the sharp post-holiday rebound.

Swiss SME Market Pulse - 2026-W03

Activity across the Swiss commercial register continued its post-holiday acceleration in W03, with 8,020 publications processed — up 50% from W02.

Swiss SME Market Pulse - 2026-W02

Swiss commercial activity surged back to life in the first full working week of 2026, with 5,344 publications — a 62% jump from the holiday-shortened W01.

Swiss SME Market Pulse - 2026-W01

The first trading week of 2026 — spanning December 29 to January 2 — recorded 3,293 SOGC publications, roughly half the typical weekly volume as Swiss commerce paused for the holiday break.