The Swiss business landscape is constantly evolving, with new mergers and acquisitions taking place almost every day. In recent years, the country has witnessed some major changes as big players in various industries merge with or acquire smaller companies. These moves are driven by a variety of factors such as the desire for expansion, cost efficiency, and market domination. Whatever the reasons may be, these mergers and acquisitions have a significant impact on the Swiss economy and the industries involved.
One of the most talked-about mergers in the Swiss business world is the recent acquisition of Swiss food giant Nestlé’s skin health unit by the private equity firm EQT and Abu-Dhabi based sovereign wealth fund ADIA. This deal, worth $10.2 billion, is one of the biggest in the history of the Swiss pharmaceutical and skincare industry. With this acquisition, EQT and ADIA become the new owners of popular skincare brands such as Cetaphil, Proactiv, and Differin, as well as Nestlé’s drug compounding business. This move is seen as a strategic one for Nestlé, allowing them to focus on their core food and beverage business, while also providing an opportunity for EQT and ADIA to expand their portfolio in the growing skincare market.
Another recent merger that has caught the attention of the business world is the acquisition of Swiss travel