SWITZERLAND > Israeli billionaire Marius Nacht is set to invest in Switzerland based banking app Numbrs

Numbrs logo Self- made Israeli billionaire Marius Nacht, is set to invest in a European banking app called Numbrs. Numbrs is based in Switzerland Recently Numbrs has raised a total funding to CHF150m($160.26 million). Marius Nacht is a self-made billionaire with net worth of $1.56 billion and is the co-founder and Chairman of the largest company in Israel, Check Point Software Technologies where he More …

SWITZERLAND > USA based Microsoft expands into Switzerland with new data centers

Microsoft logo Rapidly expanding its cloud infrastructure in Europe to meet increasing customer demands, Microsoft has expanded the cloud services by adding new datacenters in Germany and Switzerland. Microsoft has also announced the availability of new cloud services in France. Microsoft aims to support companies by offering enterprise cloud services for businesses, government, and NGOs from datacenter locations in the cantons of More …

SWITZERLAND > China Construction Bank opens its branch in Zurich, Switzerland

China construction bank logo To open its financial center that will act as European hub for Chinese currency renminbi trading center, China Construction Bank has opened its branch in Zurich, Switzerland. China Construction Bank (CCB) became the first Chinese bank to obtain a Swiss banking license in autumn of 2015. The banking license will enable China Construction Bank to operate as a trading center More …

SWITZERLAND > India based Servion acquires Switzerland based Innoveo AG

Servion logo   Everstone Group’s India based company, Servion is set to acquire Zurich based startup Innoveo AG which is a technology platform to help insurers digitalize. Primarily active in India and Southeast Asia, Servion is a company that helps businesses digitalize. According to Puneet Pushkarna, Chairman, Servion Global Solutions and new Chairman of Innoveo AG:  “Innoveo’s cutting-edge solutions, backed by their More …

SWITZERLAND > China based drone manufacturer opens European headquarters in Zurich, Switzerland

EWatt logo China based drone manufacturer EWATT has inaugurated its European headquarters in Zurich. The European headquarters will coordinate its international research and development activities. EWATT’s European headquarters will also be a base for marketing tis products along with collaborating with distributors and service providers. According to Victor Paciura, Overseas Sales Director at EWATT: “We are very happy that our Zurich office More …

SWITZERLAND > UK based GSK (GlaxoSmithKline) is set to buyout Novartis’ 36.5% stake in the Consumer Healthcare Joint Venture for $13 billion

gsk logo UK based GSK is all set to buyout Switzerland based Novartis stake in the Consumer Healthcare Joint venture for $13 billion. Formed as part of the three part transaction between GSK and Novartis in 2014, Consumer Healthcare Joint Venture’s 100% ownership by GSK enables GSK shareholders to capture full value of future performance. According to Emma Walmsley, Chief Executive Officer, More …

SWITZERLAND > India based Glenmark Pharmaceuticals is set to establish a new discovery center at Biopôle campus in Lausanne, Switzerland

glenmark logo To enhance its translational research capabilities, Glenmark Pharmaceuticals is set to open a new discovery center at the Biopôle campus in Lausanne, Switzerland. Glenmark Pharmaceuticals entered the Swiss market in 2004 and currently, Glenmark Pharmaceuticals employs around 160 people in its R&D center for biologics in the canton of Neuchâtel Glenmark will continue to invest in its existing Swiss site and More …

SWITZERLAND > US based Johnson & Johnson expands biotech plant in Schaffhausen, Switzerland investing 22 million Swiss Francs ($22.7 million)

johnson and johnson photoshop logo USA based Johnson & Johnson expands biotech plant investing 22 million Swiss Francs ($22.7 million). The subsidiary of Johnson & Johnson Cilag AG will utilize the money to expand the biotech plant for the production of sterile products for clinical studies. Cilag AG will install modern filling machine by 2019 and it also plans to add an additional filing line More …