The strong Swiss franc has only had a limited impact on the M&A activities of Swiss companies. Investments in growth markets remain attractive. These are the most recent findings of the «M&A Report» by KPMG and the University of St. Gallen.
Despite the fragile economic situation, the number of mergers and acquisitions showed stable and positive growth in the third quarter. Both the number (+17.6 percent) and volume (+16.7 percent) of transactions rose compared to the previous year. Contrary to expectations, no increase in Swiss acquisitions abroad was recorded. Statistically, the strong Swiss franc has had no discernible impact on the M&A activities of Swiss companies.
Nor have the high exchange rates put off foreign companies from carrying out acquisitions in Switzerland. In contrast, the fragile state of the economy and the European debt crisis had a marked influence, which is why, despite their strong financial position many Swiss companies were only slightly more active in terms of acquisitions than in the previous year.