A company’s decision to strengthen its market presence in select segments or to tap new markets sends a strong signal. In light of that fact, a jury of professionals made up of Adriano Agosti, Thomas Held and Patrik Kerler selected three Swiss companies in three categories to distinguish the mergers and acquisitions they announced in 2013:
The Swatch Group received the “Most impressive M&A transaction” award in acknowledgment of its acquisition of Harry Winston Inc. from Harry Winston Diamond Corporation. Swatch’s purchase of Harry Winston, an American jeweler and watchmaker, for USD 1 billion, represents an important step on the jewelry market and is an impressive addition to its high-prestige segment. Harry Winston Corporation will change its name to Dominion Diamond Corporation following the deal and will remain active in the diamond mining business.
ABB made eleven transactions last year that fit KPMG’s selection criteria. Such an impressive number of deals has catapulted this world leader in the area of energy and automation technology to the top of the list for which it is being distinguished as 2013’s “Most active deal maker”. The largest deal was announced in April and concluded in July: the acquisition of Power-One Inc. for USD 1.1 billion. The takeover of this American power solutions company has allowed ABB to position itself as one of the world’s leading providers of solar power converters which transform solar power into electricity and feed it into the power grid.
The award for “Best national M&A transaction” was presented for one of the largest private equity deals conducted in 2013: The joint takeover of VAT Vakuumventile by Capvis and Partners Group. Through this succession arrangement, VAT Vakuumventile has found two strong investors with Swiss roots which will enable the company to press ahead with further expansion efforts and take advantage of opportunities that arise in the future. VAT Holding AG is the global market leader in high-end vacuum valves and offers the world’s largest product portfolio comprising both customized solutions as well as over 1,000 standard valves.
The Swiss M&A Award is presented by a jury made up of:
- Adriano Agosti: Businessman and founder of Golden Peaks Capital
- Dr. Thomas Held: Sociologist, manager and lobbyist
- Dr. Patrik Kerler: Head of M&A at KPMG Switzerland (Chairman)
||Zurich Insurance Group
||ABB / Nestlé
|| Gaydoul Group|