Chinese companies buy traditional Swiss companies | Die Volkswirtschaft

“Takeovers by Chinese private companies are less in the public eye: Since 2002, private companies have been allowed to make cross-border takeovers. Of the 498 M&A deals by Chinese companies worldwide in 2015, three quarters were made by private companies. Between 2010 and 2017, the share of private companies in China’s gross domestic product rose from around 20 percent to 60 percent. Four fifths of all workers in China are now employed in the private sector.

In Switzerland, more than three quarters of 80 companies with Chinese owners in 2017 came from the private sector. The acquisitions include traditional companies such as the machine manufacturer Saurer, the knitting machine manufacturer Steiger, the drinking bottle manufacturer Sigg, the shoe manufacturer Bally and the design team of the facade manufacturer Schmidlin.”

Acquired company
(founding year)
Product, IndustryChinese investor
(founding year)
Year of the acquisition
Sigg Switzerland Bottles, Frauenfeld
(1908)
manufacturer of thermos bottlesHaers
(1996)
2016
Steiger, Vionnaz
(1949)
textile machineryNingbo Cixing
(1988)
2010
Designteam Schmidlin, Basel
(1936)
facade engineeringYuanda
(1993)
2008
Source: Juan Wu, University of Freiburg (2019)

Read the full article @ Die Volkszeitung:

453 thoughts on “Chinese companies buy traditional Swiss companies | Die Volkswirtschaft”

Leave a Reply

Your email address will not be published. Required fields are marked *