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)

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Shandong Ruyi invests US $ 700 million into Switzerland’s Bally | ChinaTimes

Recently, Shandong Ruyi Group ,  the “Chinese version of LVMH”, announced that it will acquire a controlling stake in the Swiss leather accessories company Bally International AG. Although the parties have not announced any specific details, sources familiar with the matter disclosed that the transaction was about $ 700 million, the deal will be completed within this year.

近日,有「中國版LVMH」的山東如意集團宣布,將收購瑞士皮革配件公司Bally International AG的控股權,雖雙方尚未公布具體細節,但知情人士透露,該筆交易作價約在7億美元,並會在今年內完成交易。

@ China Times | February 13, 2018

China’s Shandong Ruyi expands fashion empire with Bally | Reuters

Shandong Ruyi has agreed to buy a controlling stake in Swiss luxury shoe and accessories firm Bally from Luxembourg-based JAB Holding, the companies said on Friday, as the Chinese textile maker builds up a portfolio of fashion labels.

@ Reuters | February 9, 2018