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20. Acquisitions

 

 

2016

2015

In CHF 1,000

Acquisitions

Disposals

Acquisitions

Cash and cash equivalents

42

24

214

Trade and other current receivables

200

-

270

Investment properties

19,923

-

21,636

Fixed assets

2

-

30

Financial assets

151

-

-

Trade and other current liabilities

145

4

186

Non-current liabilities

11,009

-

8,942

Net assets acquired/disposed of

9,164

20

13,024

Goodwill (recognised in equity)

201

 

214

Purchase/selling price

9,364

20

13,237

Cash and cash equivalents acquired/disposed of

–42

–24

–214

Purchase price consideration for acquisitions in prior years

5,000

 

5,000

Cash outflow from acquisitions

14,322

 

18,023

Cash outflow from disposals

 

–4

 

Transactions in 2016

On 1 January 2016, Synergie Services Facility Management SA acquired the business of Alex Sanitaire Chaufferie Sàrl and integrated it into the acquiring company.

In May 2016, 100% of the shares in Ooh networks Sàrl, Lens, were sold for CHF 0.02 million.

Investis Holding SA, Zurich was incorporated on 7 June 2016 and registered in the commercial register of the Canton of Zurich on 8 June 2016 with a share capital of CHF 1,000,000 divided into 10,000,000 registered shares with a nominal value of CHF 0.10 each. The share capital was paid by the contribution in kind of 1,000,000 registered shares in Investis Investments SA (former Investis Holding SA), Lens, the former ultimate parent company of Investis Group.

On 13 July 2016, Investis Properties SA acquired the real estate company Domus Flavia Investments Ltd, Luxembourg.

On 21 July 2016, Investis Investments SA signed and closed a share purchase agreement according to which it acquired 100% of the shares in Minas-Tirith SA, Wollerau, that owned the 49% minority stake in the already consolidated Investis Patrimoine SA. 

On 31 October 2016, Investis Investments SA acquired 100% of the shares in Clim-Assistance SA in Geneva. The company provides services in the area of ventilation and climate technology and thus completes the service range offered by the Real Estate Services segment in the Geneva area.

Transactions in 2015

With effect from 1 January 2015, Investis Properties SA acquired 100% of the real estate company La Pomardière SA and integrated it into the acquiring company.

With effect from 1 January 2015, Régie du Rhône SA acquired the real estate management company IMHOFF.CH Sàrl in Crans-Montana and integrated it into Régie du Rhône Crans-Montana SA.

With effect from 1 September 2015, Synergie Services Facility Management SA acquired the business of the sole proprietorship Rey’novtoit and integrated it into the acquiring company.

With effect from 29 September 2015, Investis Properties SA acquired 100% of the real estate company Société Immobilière Clovil SA and integrated it into the acquiring company.

With effect from 23 December 2015, Investis Properties SA acquired 100% of the real estate company Valotel SA.