Swiss mergers and acquisitions weakened in 2023

Swiss mergers and acquisitions suffered from a prolonged period of uncertainty in 2023 due to geopolitical conflicts, the recession and high energy prices, consultants KPMG reported on Monday. Last year, KPMG recorded a 25% drop to 484 transactions, compared with 647 transactions in 2022. The total value is $72.2 billion (CHF62.8 billion) compared with $138.5 billion a year earlier, it said in a statement. “Hopes of a return to pre-pandemic levels were dashed in 2023. This is the second worst year of the decade in terms of volume,” KPMG said. On the podium of the most active sectors, industry took first place with 98 deals, representing a 20% share of the total. In second place, technology, media and telecommunications accounted for 16%, with 76 deals. Finally, the bronze medal goes to pharmaceuticals and life sciences, with 72 deals, 15% of the total. + UBS completes Swiss mega-merger Last June, the Bunge-Viterra merger was the largest deal, valued at $17.3 billion. Among the...