Switzerland News

Mergers & Acquisitions

ABB strengthens powertrain vertical with 80 million EUR acquisition of Specialtrasfo

ABB has agreed to acquire Italian specialized transformer manufacturer Specialtrasfo S.p.A. to vertically integrate its high-power motion portfolio. The deal, expected to close in Q3 2026, secures critical supply chain components for converters and rectifiers amid soaring global demand for industrial electrification and data center infrastructure.

2 weeks ago • Italy;Switzerland

Agriculture & Farming

Syngenta acquires Intrinsyx Bio to expand nutrient use efficiency Biologicals portfolio

Syngenta has acquired California-based Intrinsyx Bio, a nutrient use efficiency (NUE) specialist, gaining full access to its portfolio including the biological seed treatment NUELLO® iN, to strengthen its position in the fastest-growing biologicals segment.

4 weeks ago • Switzerland;United States

Oil & Gas

Transocean secures $158 million offshore drilling contract in the Eastern Mediterranean Sea

Transocean has finalized a 390-day offshore drilling agreement in the Eastern Mediterranean, generating $158 million in backlog. Commencing in late 2026, the project utilizes the Deepwater Asgard for a five-well program, reinforcing the region's status as a critical hub for deepwater energy exploration and production.

1 month ago • Switzerland

Power & Utilities

Hitachi Energy and Samsung C&T partner to expand global HVAC grid infrastructure

Hitachi Energy and Samsung C&T have signed a Memorandum of Understanding to collaborate on high-voltage alternating current (HVAC) grid projects globally. By combining specialized grid technology with large-scale construction expertise, the alliance aims to address the rising demand for power transmission driven by data centers and industrial electrification.

1 month ago • Japan;Korea (South);Switzerland

AI & Automation

TCS and Swissport extend strategic aviation technology partnership through 2031

Tata Consultancy Services (TCS) and Swissport International have signed a five-year contract extension to modernize global aviation ground operations. The collaboration focuses on scaling AI-driven platforms and hybrid cloud infrastructure to enhance operational resilience and data-driven decision-making across the global aviation services landscape.

2 months ago • India;Switzerland

Airports & Aviation

Assaia introduces AI-driven stand allocation platform to improve airport ground operations

Assaia has launched StandManager, an AI-based resource management platform designed to automate aircraft stand and gate allocation using real-time operational data. The system aims to improve airport capacity utilization and operational efficiency as global passenger traffic grows and infrastructure constraints intensify.

3 months ago • Switzerland