Rapport hebdomadaire

Market PulseJanuary 9, 2026by ValIndex Intelligence

Week 2

New Registrations

781

+34% WoW

Distress Events

240

+33% WoW

M&A Deals

-50% WoW

Succession Alerts

+54% WoW

Publications

5,344

+62% WoW

Transaction de la semaine

Type	Acquéreur	Cible	Secteur	Actifs	Net
Fusion	Galenos AG	vivacare AG	Healthcare	193.1M CHF	69.3M CHF

Plus dans cette édition

Mitrelli Group Swiss AG←AAC Africa Swiss AG56.6M CHF
curaulta←sanavals Gesundheitskasse15.5M CHF
5 procédures de faillite
3 spotlights de signaux

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Carte d'activité cantonale

Plus élevé Transactions M&A

Bern

1deals

Deuxième

Thurgau

1deals

Total national

3deals cette semaine

Principaux cantons

1.Bern

18.9%

2.Thurgau

13.2%

3.Graubünden

12.5%

Les 3 premiers cantons représentent 100% de l'activité transactions m&a nationale cette semaine.

Low

High

Source : publications FOSC

Signaux sectoriels

En hausse

Stable

En baisse

Nouveau

(tendance 4 sem.)

11 sectors · 19 weeks aggregated · box size = M&A count41 M&A signals · % = 4-week trend

Rapports sectoriels connexes

management consulting construction fiduciary tax hospitality commercial infrastructure

Transactions M&A (2 de plus)

Type	Acquéreur	Cible	Secteur	Actifs	Net
Fusion	Mitrelli Group Swiss AG	AAC Africa Swiss AG	Financial Services	56.6M CHF	26.9M CHF
Fusion	curaulta	sanavals Gesundheitskasse	Healthcare	15.5M CHF	9.9M CHF

Spotlights de signaux (3)

M&ATG

Mitrelli Group Swiss AG / AAC Africa Swiss AG

Mitrelli Group Swiss AG absorbed AAC Africa Swiss AG in Thurgau, transferring CHF 56.6M in assets and CHF 26.9M net. Mitrelli is an Israeli-founded infrastructure and technology conglomerate with projects across Sub-Saharan Africa, using its Swiss entity as a European holding vehicle. The intra-group merger consolidates two Thurgau-registered subsidiaries into a single entity — typical housekeeping for international groups simplifying their Swiss corporate structure.

SUCCESSIONSG · Building & Infrastructure

Hälg & Co. AG

Hälg & Co. AG (St. Gallen), one of Switzerland's leading HVAC and building services firms, lost a senior prokura holder this week with no replacement. The company — active in heat pumps, ventilation, and building automation — holds government contracts and patents. For a firm of this scale in the CHF 4B+ Swiss building services market, any governance thinning warrants monitoring.

DISTRESSZH

AH Montagen GmbH

AH Montagen GmbH (Winterthur, ZH) had its bankruptcy ruling upheld on appeal by the Obergericht Zürich on December 23. The assembly/installation firm — a GmbH with a succession score of 25 — exemplifies the pattern of small trades businesses failing when owner-operators exit without a transition plan.

Faillites notables (5)

Société	Canton	Secteur	Détails
Dayamondo Sàrl Buys/sells/imports jewelry, operates online store	GE · AG	Luxury & Heritage	TM: d DAYAMONDO
NISI DECO SA Provides building construction, renovation, and maintenance services	GE · AG	Industrial & Manufacturing	Est. 2023
AKKO SA Buys/sells real estate, provides construction services	VD · AG	Building & Infrastructure	Est. 2018
Pro Esperanto en liquidation Promotes and develops the Esperanto community	NE	Industrial & Manufacturing	-
Maxi Shipping SA en liquidation Manages boats, maritime logistics, and vessel financing	FR	Transport & Logistics	-

L'analyse de la semaine

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. Board changes led the rebound at +52.5% WoW, as companies processed year-end governance decisions that had been queued over the break.

The M&A pipeline delivered two standout transactions: Galenos AG's absorption of vivacare AG (CHF 193M in assets) signals consolidation in the Swiss health insurance market, while Mitrelli Group's merger with AAC Africa Swiss AG (CHF 56.6M) reflects ongoing restructuring among Swiss-domiciled international holding companies.

Bankruptcies held flat at 26 — identical to the holiday week — suggesting the seasonal lull persists into early January. Succession signals, however, jumped 54.5% to 34, with notable board departures in Building & Infrastructure firms across eastern Switzerland.

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