Content - M&As between Japan and Switzerland

List of M&As between Japanese and Swiss Companies

May 2008Roche (CH) announces that it intends to increase its stake in Chugai Pharmaceutical (JP) from 50.1% to 59.9%.
May 2010Sika AG (CH) acquires a majority stake in Dyflex Co. Ltd. (JP).
November 2010Zurich Insurance Co. Ltd. (CH) acquires a minority stake in NK Risk Consulting (JP), a unit of NKSJ Holdings Inc's Nipponkoa Insurance Co. Ltd. subsidiary.
December 2010  Hitachi Zosen Corporation (JP) acquires AE&E Inova (CH).  
January 2011Nabtesco Corporation (JP) acquires the automatic door business of KABA Holding AG (CH).

$238 million

February 2011Metalor Technologies International SA (CH) acquires the entire share capital in Bindera (JP), a unit of NE Chemcat Corporation.
April 2011Mitsui Chemicals Inc. (JP) acquires Acomon AG (CH).
May 2011Mitsui & Co., Ltd. (JP) acquires Multigrain AG (CH).

$508 million

May 2011Takeda Pharmaceutical Co., Ltd. (JP) acquires Nycomed A/S (CH).approximately
$12 billion
May 2011Toshiba Corporation (JP) acquires Landis+Gyr (CH).approximately
$2.3 billion
August 2011Nippon Kayaku (JP) acquires the dyes business of Ilford Imaging Switzerland GmbH.
November 2011Sunstar Group (JP) acquires Degradable Solutions AG (CH).
February 2012Toyota Industries Corporation (JP) raised its stake in Uster Technologies AG (CH) from 28.46% to 50.34%.approximately $240 million
March 2012Tokyo Electron (JP) acquires Oerlikon Solar (CH).approximately $265 million
March 2012Citizen Watch (JP) acquires Prothor Holding (La Joux-Perret) (CH).approximately $69 million
April 2012UCC Holding Co. Ltd. (JP) acquires United Coffee (CH).approximately $590 million
May 2012Fuiji Seal International, Inc. (JP) acquires 100% shares of PAGO Holding AG (CH).approximately $129 million
July 2012DKSH (CH) acquires German-Japanese trading company Clay and Company Limited.
September 2012IHI (JP) acquires Ionbond (CH).
November 2012Tokyo Electron Limited (JP) acquires Oerlikon Solar (CH).
August 2014Nipro (JP) acquires Rigi Medizintechnik (CH).
November 2014NTT Com Security (JP) acquires Infotrust (CH).
January 2015Sumitomo Rubber (JP) acquires Lonstroff (CH).
April 2015Big Dai Showa (JP) acquires Kaiser Präzisionswerke AG (CH).

This is a work in progress. Please contact us at if you know of any other M&As between Japanese and Swiss companies that took place in the last 20 years.

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