Acquisitions & Disposals
During the last two years, Migros Group has acquired and sold various companies.Transactions carried out in the 2017 financial year included the following:
Acquisition Tipesca SA
Mérat & Cie. SA acquired Tipesca SA, which is based in Ticino and specialises in fish products, along with all its employees on 1 January 2017 and, in doing so, enhanced its logistics expertise in southern Switzerland.
TW AG (formerly Reisebüro Beo AG), which is part of the Hotelplan Group, acquired the business operations of Jo-Jo Reisen GmbH on 1 January 2017.
As far as the following transactions are concerned, the information relating to financial statements was unavailable at the time of the Migros Group financial statements being released. Consequently, the initial recognition of the business combination was not possible. Full-year inclusion in Migros Group will only be shown in 2018:
- Acquisition of the major PHZ Permanence practice at Zurich central railway station by Medbase AG on 9 November 2017, thereby increasing the range of services available in the areas of general practice and emergency medicine.
On 30 November 2017, Saviva AG sold the Cash + Carry Angehrn (CCA) business division. The nine CCA sites in German-speaking Switzerland were acquired by the western Swiss company Demaurex & Cie S.A. (known by its market identity Aligro), which will also retain all CCA staff.
On 1 December 2017, Migros divested itself of Office World Group (OWiba) and ensured the continued employment of all staff through the sale to Austria's MTH Retail Group (MTH). The close alliance between OWiba and MTH creates ideal preconditions for a long-term successful future for both companies.
Migros also sold its 51% shareholding in Dolphin France SAS (Probikeshop) to Internetstores GmbH on 17 May 2017 and reduced its majority shareholding in Sharoo AG from 59.1% to 19.9% on 3 July 2017.
For further details please see Note 39 and chapter C in the report on the financial situation as part of the complete financial reporting of the Migros Group to be found as PDF file on our website.
