Aleph Farms, an innovative cellular agriculture firm committed to enhancing food security, sustainability, and animal welfare, has applied to the Swiss Federal Food Safety and Veterinary Office (FSVO) for regulatory approval to sell its cultivated beef steaks under the brand Aleph Cuts in Switzerland. This move, a significant milestone in the food industry, aims at […]
Ironwood Pharmaceuticals, a gastrointestinal (GI)-focused healthcare company, has agreed to acquire VectivBio Holding AG, a Switzerland-based biotech company, listed on the Nasdaq, for around $1 billion, including the latter’s debt. Shareholders of VectivBio will be paid $17 per share in cash. VectivBio is a clinical-stage biopharmaceutical company headquartered in Basel, specializing in the development of […]
Clear Channel Outdoor Holdings, an American out-of-home advertising company, has closed the previously announced $94.2 million sale of its Swiss operations to TX Group’s affiliate Goldbach Group, a Switzerland-based media agency. The deal was announced in December 2022 and was subject to regulatory approval and other conditions. The regulatory approval from the Swiss Competition Commission […]
Tata Consultancy Services (TCS) revealed that it has enabled Bitcoin Suisse (BTCS) to build a next-generation crypto-financial technology platform to transform its core business. The crypto-financial technology platform is powered by TCS BaNCS for Banking and is expected to help Bitcoin Suisse in becoming a major global provider of crypto-financial services. TCS BaNCS for Banking […]
Wipro said that its new smart building solution dubbed Smart i-Building is being displayed at the Microsoft Technology Center in Zurich, Switzerland. According to the Indian IT services provider, Smart i-Building, which runs on the Microsoft Azure platform, is an integrated, modular, Internet of Things (IoT) and Impact Intelligent building management solution. The smart building […]
Tandem Diabetes Care, an American diabetes technology company, has agreed to acquire Switzerland-based insulin patch pump developer AMF Medical SA for CHF 62.4 million, which includes a previous strategic investment of CHF 8 million and a cash consideration of CHF 62.4 million at closing. As per the terms of the agreement, AMF Medical is also […]
Orange Cyberdefense, a cybersecurity subsidiary of Orange, has acquired Switzerland-based sister companies SCRT and Telsys, in a move to strengthen its presence in the European cybersecurity market. The financial terms of the deal were not disclosed. SCRT provides cybersecurity services such as managed security services, ethical hacking, consulting, and remediation in case of a cyberattack. […]
Transocean has bagged a $181 million worth contract extension from Equinor Energy for its harsh environment semisubmersible Transocean Spitsbergen drilling rig in Norwegian waters. The contract extension covers the drilling of an additional nine wells and comes with a couple of one-well options, said the Switzerland-based offshore drilling contractor. According to Transocean, the extended contract […]
HCL Technologies said that its fully-owned subsidiary — HCL Technologies UK Limited, has agreed to acquire Confinale AG, a Swiss digital banking and wealth management consulting company. The consideration for the acquisition is CHF 53 million (INR 41,242 crores or $54 million) in cash, which includes earn-outs. Established in 2012, Confinale is engaged in IT […]
Swiss luxury goods company Richemont has divested its stake of 20% in Greubel Forsey, a Swiss watchmaking company, for an undisclosed price, reported Reuters. In a statement, Greubel Forsey revealed that, as of March 18, 100% of its shares are now owned by Robert Greubel and Stephen Forsey, its founding shareholders, along with chief executive […]