The trend continues: Activity on the Swiss M&A market remained moderate during the third quarter of 2013, as well. Both the value and the number of transactions declined noticeably compared to the same period of the previous year. Swiss companies had thus conducted mostly small deals in Switzerland and abroad. KPMG expects the last quarter of the year to bring increased activity on Switzerland’s M&A market.
During the third quarter of 2013, Swiss companies were involved in 71 deals in Switzerland and abroad, with transactions reaching a total value of USD 3.4 billion. In a year-on-year comparison, this represents a 27% decline in the number of transactions conducted and approx, a 68% drop in the value of those transactions. As was already the case during the first half of 2013, most mergers and acquisitions were conducted in two sectors, Industry (18.3%) and Financial Services (16.9%). The third quarter’s most impressive transaction, however, was observed in the transport sector: Swissport International AG, the world’s largest provider of ground and cargo services to airlines and airports, took over Britain’s Servisair UK Ltd. for USD 598 million.