immo!nvest – Die Plattform für Standorte und Immobilien

Category: Transactions / Deals

  • Reorganisation of leadership in the kitchen and ventilation market

    Reorganisation of leadership in the kitchen and ventilation market

    The further integration of WESCO AG from Wettingen into the Franke Group, based in Aarburg, has resulted in a reorganisation of the management team: Gregory Oswald will return to Franke Home Solutions as Managing Director for the DACH market on 1 February 2026. As head of this division of the Franke Group, Oswald will be jointly responsible for the Franke brand and the WESCO brands berbel and Wesco – “an important basis for closer cooperation, while the brands continue to operate independently on the market,” according to a statement.

    Franke’s Home Solutions business unit is a global provider of intelligent systems and solutions for private kitchens. With 4,200 employees in over 30 countries, it generates net sales of CHF 932 million. Oswald, 45, already headed this division from 2022 to 2024. He then took over the management of the WESCO Group, which was acquired by Franke in September 2024. Founded in 1962, the WESCO Group is headquartered in Wettingen. The family-owned company specialises in extractor hoods and ventilation systems.

    Corrado Mura, interim CEO and President of Franke Home Solutions, explains that Gregory Oswald’s “deep understanding of the DACH market as well as product management and brand management, which he has gained in key positions within Franke Home Solutions,” will be crucial for the further development of the company. “His many years of experience will help us to optimally bundle our competencies and drive our growth in a sustainable manner.”

  • Infrastructure investment gains momentum in Europe

    Infrastructure investment gains momentum in Europe

    Construction company Impleniahas secured major infrastructure projects in Germany and Norway, according to a press release. The contract package includes the new Peene Bridge in Wolgast, the replacement of the Main Bridge in Marktbreit, the first construction phase of the Riederwald Tunnel in Frankfurt am Main and the new Lågen Bridge in Norway.

    For the new Peene Bridge in Wolgast, Implenia is leading a consortium with DSD Brückenbau, Victor Buyck Steel Construction and Stahl Technologie Niesky. The approximately 1.4-kilometre-long cable-stayed bridge will connect the A20 motorway with the island of Usedom and, with a clearance height of 42 metres and 70-metre-high pylons, will be one of the largest bridges of its kind in Europe. Construction work has been underway since December 2025 and is expected to continue until 2030.

    Implenia is the technical leader in a consortium with Plauen Stahl Technologie for the replacement of the Marktbreit Main Bridge on the A7 motorway. The new bridge will be built as a steel composite box girder using the incremental launching method. It will be around 925 metres long and 31 metres wide. Construction is taking place while traffic continues to flow and will be completed by around 2033. The new contracts in Germany are rounded off by the construction of the new Riederwald Tunnel in Frankfurt am Main. In a consortium with Wayss & Freytag Ingenieurbau and Bickhardt Bau, Implenia is realising the centrepiece of the gap closure between two important motorway sections. The approximately 1.1-kilometre-long tunnel is being built using the open construction method. Work began in 2025 and will take around three years.

    In Norway, Implenia is building the Lågen Bridge on the new E6 Roterud–Storhove motorway on behalf of AF Gruppen. The 552-metre-long, four-lane concrete box girder bridge spans the Lågen River north of Lillehammer. Strict environmental regulations to protect breeding birds, spawning grounds and biodiversity minimise the impact on the sensitive delta area.

  • New balance of power in modular room solutions

    New balance of power in modular room solutions

    According to a statement, the Condecta Group is acquiring from the German ALHO Group based in Friesenhagen the entire Swiss FAGSI rental fleet as well as all associated Swiss activities. This also includes the location in Wikon in the canton of Lucerne. The Winterthur-based company is thus taking over the entire Swiss fleet of FAGSI rental containers. FAGSI is a brand of the ALHO Group that specialises in the sale and rental of temporary and modular container buildings for cities, municipalities and industry, particularly high-quality offices, schools, kindergartens and temporary accommodation.

    The Wikon site has around 12,000 square metres of production and storage space and a rental fleet of 1,150 FAGSI containers. It is to be expanded into a centre of excellence for high-quality mobile space solutions. According to Condecta, this “creates the basis for efficiently implementing even larger and more complex projects from a single source – a clear added value for customers in industry, administration, education and healthcare”. Existing customer relationships, ongoing projects and rental agreements will continue seamlessly, according to the information provided. Contact persons and processes will also remain the same.

    “The takeover of FAGSI’s Swiss activities is an important milestone in the further development of Condecta,” said Condecta CEO Olivier W. Annaheim. “We are strengthening our core business, expanding our premium offering and investing specifically in additional expertise. The Wikon site will play a central role in further expanding quality, performance and delivery reliability in Switzerland.”

  • Building technology grows beyond regional boundaries

    Building technology grows beyond regional boundaries

    The Burkhalter Group, a full-service provider of heating, cooling, ventilation, air conditioning, plumbing and electrical engineering services, hasannouncedthe acquisition ofBZ-Dépannage Sàrl. The Lonay-based company focuses on sanitary facilities, heating, maintenance and repairs, and generated annual sales of CHF 2.7 million in 2025.

    With the purchase of BZ-Dépannage Sàrl, the Burkhalter Group is entering the building technology market in western Switzerland. As part of the Group’s strategy to gain further market share, additional building technology companies are to be acquired in the future, according to the press release. BZ-Dépannage Sàrl will continue to operate as an independent group company of Burkhalter Holding AG at its current location and under the current management of Nicolas Barraud. All employees will be retained.

    As of 31 December 2024, the Burkhalter Group, headquartered in Zurich, employed a total of 5,323 people, including 983 apprentices, who work in 84 group companies at 166 locations in Switzerland and the Principality of Liechtenstein. Burkhalter Holding AG is listed on the SIX Swiss Exchange.

  • Platform strategy strengthens construction and environmental expertise

    Platform strategy strengthens construction and environmental expertise

    TIC Holding Schweiz AG, based in Baar, has acquired HSE Conseils from Laténa. According to a press release, its managing director Marc Dutoit will remain in his position. TIC Holding is a construction and technology platform financed by Winterberg Investment X and managed by Winterberg Advisory GmbH in Munich.

    HSE Conseils is the leading specialist in the industrial, building materials, construction, environmental and occupational safety sectors in the canton of Neuchâtel and at six other locations in the cantons of Vaud, Valais, Geneva, Fribourg and Jura, the press release continues. It offers a comprehensive portfolio of services for construction companies, real estate managers, planners, businesses and public institutions. These include Swiss Accreditation Service (SAS) accredited pollutant diagnostics and analyses (including asbestos, polychlorinated biphenyls and lead), environmental and waste management, safety and health concepts, and indoor air quality measurements. Its remit also includes safety consulting, training and advice on construction safety, from risk assessment to remediation concepts.

    “With HSE, we now cover the industrial, building materials, construction, environmental and occupational safety sectors,” said Ralph Nowak, member of the board of directors of TIC Holding Switzerland and partner at Winterberg, in the announcement. “This is an important step in the further development of our TIC Holding Switzerland – the three platforms underline our position as the leading independent group in these areas throughout Switzerland.” Marc Dutoit is banking on strong growth for HSE Conseils and many synergies with other group members as a result of the merger. “Our structure, the entire team and all contact persons for our customers will remain in place, and we will continue to deliver the highest quality and reliability,” says Dutoit.

  • Sustainable commercial real estate in the focus of institutional investors

    Sustainable commercial real estate in the focus of institutional investors

    Swiss Life Asset Managers plans to launch the Swiss Life REF (CH) ESG Diversified Commercial Switzerland real estate fund, according to a press release. The listed fund will start with core and core-plus properties in above-average micro-locations in major Swiss cities and metropolitan areas.

    The properties will be held directly by the fund, which promises investors with Swiss tax domicile tax exemption on annual distributions and the assets invested in the fund. The fund is expected to offer high income stability, according to the press release. The portfolio of the planned fund is also based on an integrated ESG (environment, social, governance) strategy that promotes sustainable practices in the properties it holds throughout the entire holding period.

    “Our goal is to launch a new, high-yield real estate fund with stably leased properties in good locations in the current market environment – with disciplined selection, conservative assumptions and comprehensive assessment of the key risks,” said Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers. “The planned initial issue at net asset value (plus issue commission) offers investors an attractive entry point to participate in a significant, established portfolio that already meets our high sustainability requirements.”

    The project is currently undergoing the approval process of the Swiss Financial Market Supervisory Authority (FINMA). The launch of the fund at net asset value is planned for 1 April 2026.

  • Long-term supply agreement strengthens global wind energy industry

    Long-term supply agreement strengthens global wind energy industry

    Gurit Holding AG has signed a long-term supply agreement with one of the “world’s leading manufacturers of wind turbines,” according to a press release. The agreement has a term of five years and is expected to increase Gurit’s net sales by around CHF 250 million, depending on customer demand.

    The contract provides for ongoing deliveries of base material with Gurit OptiCore technology and includes volume commitments for onshore and offshore platforms in several regions worldwide. According to the press release, the agreement strengthens Gurit’s global leadership position in core technical solutions for wind energy and at the same time further advances the customer’s goals in terms of reducing the weight of its rotor blades. This will enable the customer to achieve improved manufacturing efficiency and reduced total cost of ownership.

    “This significant new long-term contract underscores our strong global market position and the lasting partnerships we have built with strategic customers,” said Tobias Lühring, CEO of the Gurit Group. “It reflects the confidence in Gurit’s innovative solutions and our ability to create long-term value. With our global presence, we serve customers in all key markets while optimising our capacities and efficiency. We are proud to support the renewable energy industry and contribute to its continued growth.”

    Gurit Holding AG, based in Wattwil, specialises in the development and manufacture of high-performance composite materials, tooling solutions and core kitting services (customised material preparation). The product portfolio includes structural core materials, profiles, prepregs (semi-finished products), resins, adhesives and engineering services.

  • Joining forces to expand renewable electricity production

    Joining forces to expand renewable electricity production

    Swiss Renewables AG, based in Zug, and aventron AG, based in Münchenstein, want to move closer together. According to a statement, the two renewable energy producers are exploring the possibility of closer cooperation. Their aim is to exploit synergies and better tap into the potential for further expansion of renewable electricity generation.

    Both companies are subsidiaries of Swiss municipal and regional utilities. Aventron was founded in 2005 by the former Elektra Birseck Münchenstein, now Primeo Energie. In 2010, Energie Wasser Bern (ewb) acquired a stake in the company, followed by the city of Winterthur in 2013 through its municipal utility. Together, they now hold 63.3 per cent of the company. Aventron has interests in hydro, wind and solar power plants with an installed capacity of 826 megawatts in Switzerland, France, Italy, Germany, Spain and Norway.

    Swisspower Renewables, founded in 2011, is a subsidiary of Swisspower. Eleven members of Swisspower, including ewb and Stadtwerk Winterthur, as well as UBS Clean Energy Infrastructure Switzerland 2 as a strategic financial investor, hold stakes in the company. Swisspower is an association of 20 municipal utilities. Swisspower Renewables has hydro, wind and solar power plants in Germany and Italy with an installed capacity of 311 megawatts.

  • Expansion of Building Solutions through acquisitions in Western Europe

    Expansion of Building Solutions through acquisitions in Western Europe

    Zoug-based building materials manufacturer Holcim has acquired Alkern, a French manufacturer of precast concrete elements based in Harnes. The aim of the acquisition is to advance Holcim’s NextGen Growth 2030 targets, according to which the Building Solutions division is to account for a total of 50 per cent of net sales by 2030.

    Alkern, which has more than 1,000 employees and 50 plants in France and Belgium and most recently generated annual net sales of €250 million, offers solutions for the built environment in addition to precast concrete products. The acquisition thus complements Holcim’s portfolio with wall, floor and water management systems in addition to precast concrete products.

    “Both Alkern’s leading position in precast concrete elements in France and its wall, floor and water management systems complement our portfolio and expand our high-quality range of building solutions. We welcome Alkern’s 1,000 employees to Holcim and look forward to creating further added value together while advancing the ‘NextGen Growth 2030’ goal,” said Dragan Maksimovic, Region Head West Europe at Holcim.

    According to Holcim, the acquisition will have a positive impact on earnings per share (EPS) and free cash flow in the first year. From the third year onwards, annual synergies of around €11 million and an improvement in return on invested capital (ROIC) are expected.

    Holcim, which claims to be a leader in sustainable construction, generated sales of €16.2 billion in 2024. The Zug-based company offers end-to-end building materials and construction solutions, from foundations and flooring to roofs and walls.

  • New double-track line relieves congestion on the route between Zurich and Winterthur

    New double-track line relieves congestion on the route between Zurich and Winterthur

    SBB has commissioned a consortium consisting of the construction companies Implenia from Opfikon and Marti from Zurich to build a new double-track line. As part of the Zurich-Winterthur multi-track project, the Swiss Confederation and SBB are planning to build a new line and expand the stations in Dietlikon, Bassersdorf, Wallisellen and Winterthur Töss. According to a statement, Implenia and Marti will each take on 50 per cent of the construction of five of the six lots in the project. The total contract is worth around CHF 1.7 billion, with Implenia’s share amounting to around CHF 830 million. The project is expected to take around ten years to complete.

    As part of the project, Implenia and Marti will take on the construction of the Brüttener Tunnel (lot 240), the Winterthur section (lots 140 and 141), the Dietlikon section (lot 340) and the Wallisellen section (lot 540). The new double-track line through the Brüttener Tunnel is intended to eliminate the 8.3-kilometre capacity bottleneck in the rail network between Zurich and Winterthur. Part of the bottleneck is a branch line towards Zurich Airport. The underground double-track expansion will involve the construction of a single-track tunnel with a diameter of around ten metres for each direction of travel.

    According to the announcement, the infrastructure project is geared towards the mobility needs of future generations and is therefore in line with Implenia’s strategy. “We are delighted that Implenia, together with our consortium partner Marti, will be able to contribute our many years of experience and comprehensive expertise in infrastructure construction to make this important section fit for increasing frequencies and future requirements,” said Implenia CEO Jens Vollmar in the press release.

  • New investor focuses on continuity and long-term prospects

    New investor focuses on continuity and long-term prospects

    The Hotel Bernerhof Gstaad has new owners. According to a statement, Brigitte and Thomas Frei have sold their majority stake in Hotel Berner AG to asset manager RMG THE RISK MANAGEMENT GROUP (SUISSE) SA in Geneva and investment and holding company Holdingstone SA in Zug. The sale price has not been disclosed.

    Over three decades, the Frei couple developed the Bernerhof into a renowned luxury and gourmet hotel. It has 46 rooms and suites in various categories and four award-winning restaurants. “After all these years as owners and managers of the Bernerhof, we are happy to hand over this living legacy to a group that is driven by a positive and ambitious vision for the Bernerhof and for Gstaad,” the couple are quoted as saying. They are particularly pleased that François Grohens took over the operational management at the beginning of December.

    Grohens, 55, previously worked at the Bernerhof from 2002 to 2011 before moving to Park Gstaad. He has served as director there for the past six years. Stints in the USA and on cruise ships brought the Frenchman to Switzerland in 1997 and to Gstaad in 2000. According to reports, his focus is on “preserving the Bernerhof as a warm, familiar place for regular guests, while inspiring new guests with the quality of the service, the restaurants and the lively atmosphere”.

    Jean-Guillaume Pieyre, founder and CEO of RMG, thanks Brigitte and Thomas Frei “for the trust they have placed in us”. Together with Emmanuel Kilchenmann, Vice President of Holdingstone, he wants to promote a project “that treats Gstaad and the region with respect and shares the vision of a lively village centre all year round”.

  • Mega merger with a signal effect

    Mega merger with a signal effect

    Glencore and Rio Tinto have confirmed that they are in preliminary discussions about a possible combination of “some or all” of their businesses. An all-share deal, structured as a court-sanctioned scheme of arrangement in which Rio Tinto acquires all of Glencore, is considered likely in the market

    Under UK takeover law, Rio Tinto has until February 5, 2026, 5 p.m. London time, to publish a “firm intention to make an offer” or terminate discussions. This is the classic “put up or shut up” deadline. Both companies expressly emphasize that there is no certainty that a formal offer or even a deal will be made

    Possible deal structure and strategic logic
    A mega-merger with a combined enterprise value of well over 200 billion US dollars is being discussed. It would create one of the largest mining and commodities groups in the world with over 200,000 employees. The spectrum ranges from a full takeover to partial transactions, for example with a focus on Glencore’s copper mines and other energy transition metals

    The sticking point is Glencore’s coal business and its extensive trading portfolio. Rio Tinto has exited the coal business and is unlikely to have much interest in a permanent return. Scenarios range from a temporary takeover followed by a spin-off to a deal in which only selected assets such as copper are integrated into Rio Tinto

    Copper as a driver
    Strategically, the focus is on access to raw materials for decarbonization and digitalization. Both groups have significant copper reserves. Together, they would become a dominant supplier of a metal that is indispensable for grid expansion, e-mobility, renewable energies and energy-intensive data centers

    Analysts point out that copper demand could increase by around 50 percent by 2040, while supply lags behind at times. An environment that rewards size, capital strength and pipeline depth. A merger would further drive consolidation in the global mining sector and strengthen the market power of a few heavyweights

    Significance for Zug and Switzerland as a commodities center
    Glencore, headquartered in Baar, is one of the most important commodities groups and taxpayers in Switzerland, with around 1000 employees working in the Zug area. In the event of a share deal, the group would probably be integrated into a global Rio Tinto structure, but details of the headquarters, listing, governance and functions in Zug are still open

  • Digital brokerage platform expands offering in the skilled trades market

    Digital brokerage platform expands offering in the skilled trades market

    QuinStreet will integrate HomeBuddy into its offering. The California-based company has announced that it intends to use the SIREN GROUP’s brokerage platform from the canton of Schwyz to add “an important new product line” to its Modernise Home Services platform. The aim is to enable trades companies to achieve “predictable, sustainable business growth”.

    QuinStreet also believes that this acquisition will result in an increase in adjusted EBITDA of an estimated £30 million or more in the first twelve months. After that, “already identified synergies” are expected to come into play and lead to “significant growth”. According to the information provided, HomeBuddy generated revenue of approximately $141 million in the twelve months to 30 September 2025.

    To achieve the targeted growth, QuinStreet will pay SIREN GROUP $115 million in cash upon closing and an additional $75 million over a four-year period under a share purchase agreement. Further details of the transaction will be provided with the financial results for the first two quarters of 2026, according to the information provided.

    QuinStreet expects HomeBuddy to expand its network with new repair and renovation professionals and increase its customer base to more than 2,000 businesses and regional professionals from 30 demanding industries. In addition, HomeBuddy is expected to further strengthen QuinStreet’s foundation for delivering new products and services, most notably the 360 Finance marketplace for financing home renovations.

  • Majority stake drives growth in the Peruvian market

    Majority stake drives growth in the Peruvian market

    The Zug-based building materials company Holcim has announced the acquisition of a majority stake in the Peruvian building materials company CementosPacasmayo. With this transaction, Holcim is strengthening its presence in the growth market of Latin America and pursuing its NextGen Growth Strategy 2030, according to the press release.

    Cementos Pacasmayo is forecasting net sales of USD 630 million and an EBITDA margin of 28 per cent in 2025. The transaction volume of USD 1.5 billion thus corresponds to 8.8 times the EBITDA forecast for 2025. The acquisition is expected to have a positive impact on earnings per share (EPS) and free cash flow in the first year and on return on investment (ROIC) in the third year.

    “The synergetic acquisition of Cementos Pacasmayo is in line with our ‘NextGen Growth 2030’ strategy to accelerate growth in the attractive Latin America region,” Holcim CEO Miljan Gutovic is quoted as saying. “This is an opportunity to continue the exceptional legacy of Cementos Pacasmayo, based on a strong performance culture, a deep commitment to its employees and a highly recognised brand in Peru. The company is highly cash-generative and has a complementary portfolio of building materials and construction solutions. I look forward to welcoming Pacasmayo’s 2,000 employees to Holcim and continuing to grow together.”

    The approximately 300 points of sale of Cementos Pacasmayo will complement Holcim’s presence in Latin America. Holcim had already entered the Peruvian building materials market last year with the acquisitions of Comacsa, Mixercon and Compañía Minera Luren.

    The transaction, which is expected to close in the first half of 2026, is in line with Holcim’s growth-oriented capital allocation and is subject to customary regulatory approvals.

  • Strategic takeover strengthens mortar business in Northern Europe

    Strategic takeover strengthens mortar business in Northern Europe


    Sika is acquiring Finja Betong, a manufacturer of dry mortars, floor levelling compounds and façade systems based in Finja, Sweden. Together with the recently completed acquisition of the Danish mortar manufacturer Marlon, Sika thus achieves comprehensive coverage of the mortar segment in the Northern European countries, according to a press release.

    This will open up new cross-selling potential for Sika in the future, as the product portfolios and customer bases of the two companies complement each other. As Finja has recently invested in increasing the efficiency and capacity of production at its two sites, Sika will benefit from this expansion and aims to offer its Northern European customers a broader range of locally manufactured solutions. Finja’s expertise in low CO2 mortars, cold climate solutions and state-of-the-art digital product selection tools will strengthen the combined offering and provide Sika with a solid base for expansion across different market segments.

    “The acquisition of Finja provides us with excellent opportunities to strengthen our presence in the Northern European construction markets,” said Christoph Ganz, Regional Manager EMEA at Sika. “With our global expertise and strong organisation, we can leverage Finja’s extensive product range, broad distribution network and innovative digital tools to unlock significant cross-selling potential and generate customer benefits. We look forward to warmly welcoming the Finja team to the Sika family and developing our business together in the future.”

    The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026.

    Sika is a speciality chemicals company focused on systems and products for bonding, sealing, damping, reinforcing and protecting in construction and industry. Sika has a global presence with over 400 factories in 102 countries and employs more than 34,000 people.

  • Merger strengthens care and living in old age

    Merger strengthens care and living in old age

    The Dübendorf-based Tertianum Group has acquired the Senevita Group, which previously belonged to the French care group Emeis from Puteaux. According to a press release, the transaction has already been approved by the Competition Commission(COMCO). The parties have agreed not to disclose the takeover price.

    The merger of the two care groups is intended to improve the entire area of nursing and residential care for the elderly in German-speaking Switzerland. Both companies combine high quality standards, regional roots and a clear commitment to social responsibility in the care sector, according to the press release.

    “I would like to warmly welcome the employees of the Senevita Group to our joint company. They complement the Tertianum Group perfectly – with their expertise, commitment and professionalism. We are proud to be working with them under one roof in the future to become even better together,” Luca Stäger, CEO of Tertianum Group, is quoted as saying in the press release. “The merger also complements our geographical presence, enables numerous synergies in operational excellence through mutual learning and creates new perspectives for all employees.”

    The now joint company will provide needs-based care for 10,000 guests. The Tertianum Group now has a total of 6,400 care beds and 4,300 age-appropriate apartments at 140 locations throughout Switzerland. In order to secure the next generation of nursing staff, 800 apprentices are being trained.

  • Strategic acquisition focuses on specialized commercial areas

    Strategic acquisition focuses on specialized commercial areas

    Swiss Life Asset Managers aims to strengthen its position in the life sciences sector with the acquisition of Schlieremer Gewerbe- und Handelszentrum AG(GHZ), as detailed in a press release. GHZ has developed the Wagi site that belongs to it. A total of around 250 companies and organizations from the life sciences sector are now based there on a rental area of 143,000 square meters, providing more than 2,400 jobs. The Bio-Technopark Schlieren is also located on the site.

    The GHZ site will be retained, the employees will be kept on and GHZ Managing Director Walter Krummenacher will continue to act as a contact person for the tenants and develop the site with his employees. “We are very happy to have found a reliable partner in Swiss Life Asset Managers that shares our values and our long-term commitment to real estate and life science as a contribution to society. In this way, the vision of our founder Leo Krummenacher will be carried into the future”, Walter Krummenacher is quoted as saying in the press release.

    With the acquisition of the “dynamic and fast-growing center with long-term value creation potential”, Swiss Life Asset Managers wants to underline its focus on investments in the Living, Logistics, Light Industrial and Life Science and Tech (“4L”) sectors. “We are delighted to continue the impressive development of the site with the experienced team at GHZ. Swiss Life Asset Managers is convinced of the attractiveness and future strength of life science real estate, as it is of great importance for our economy as well as for our society,” says Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers.