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Swiss SMEs: Record Number of Sales to Foreign Buyers
The case
The M&A market for Swiss small and medium-sized enterprises (SMEs) made a solid bounce back in 2025.
Source: Deloitte & finews.ch
The commentary
According to Deloitte, 208 mergers and acquisitions were completed, which indicates a growth of 16 % year-on-year. For the first time more than half of these transactions involved foreign buyers, marking a new record.
Domestic acquisitions rose slightly to 53 transactions. In contrast, Swiss SMEs significantly reduced their acquisitions abroad, decreasing by 25 % to 51 deals.
Private equity was the key growth driver, with financial investors participating in 56 % of all transactions.
Deloitte expects the market to continue to expand in 2026, particularly within Europe, despite ongoing geopolitical risks.
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