4.8Acquisitions and disposals of consolidated companies
2025 | 2024 | |||||
|---|---|---|---|---|---|---|
CHF 1,000 | Acquisitions | Disposals | Acquisitions | Disposals | ||
Total | Total | Total | Real Estate Services 1) | Others | Total | |
Cash and cash equivalents | - | - | 147 | –8,315 | –41 | –8,356 |
Trade and other current receivables | - | - | 327 | –24,467 | –150 | –24,617 |
Investment properties | - | - | - | - | - | |
Tangible fixed assets | - | - | 71 | –7,256 | - | –7,256 |
Intangible assets 2) | - | - | 260 | –6,343 | - | –6,343 |
Other non-current assets | - | - | 0 | –680 | –29 | –709 |
Trade and other current liabilities | - | - | –128 | 20,638 | 140 | 20,778 |
Non-current liabilities | - | - | –42 | 609 | - | 609 |
Non-controlling interests | - | - | - | - | 110 | 110 |
Net assets acquired/disposed | - | - | 636 | –25,815 | 29 | –25,786 |
Goodwill (recognised in equity) | - | - | 806 | –95,218 | - | –95,218 |
Recognised income from disposal of subsidiaries | - | - | - | –122,158 | –112 | –122,271 |
Purchase/selling prices | - | - | 1,442 | –243,192 | –83 | –243,276 |
Cash and cash equivalents acquired/disposed | - | - | –147 | 8,315 | 41 | 8,356 |
Cash outflow on acquisitions | - | - | 1,294 | - | ||
Cash inflow from disposals | - | –234,877 | –42 | –234,919 |
1)On 24 June 2024, the entire Real Estate Services segment, consisting of the companies Privera AG, hauswartprofis AG, Rohr AG, analysis lab SA, Aatest AG, Home Service Aktiengesellschaft and Valores AG, was sold. The discontinued operation (including AGD AG, which was sold on 26 March 2024) generated – up to the disposal date – revenue of CHF 89.9 million and an operating profit (EBIT) of CHF 8.8 million.
2)Acquired intangible assets relate to previously unrecognised intangible assets relevant to the acquisition of control.
TrANSACTIONS in 2025
None.
TRANSACTIONS IN 2024
On 11 January 2024, Hauswartprofis AG acquired 100% of the shares in the facility services company Olbara AG, Olten, and merged it into the acquiring company. The acquired company contributed revenue of CHF 0.8 million in 2024. Prior to the acquisition date, the company generated revenue of CHF 0.0 million in the current year.
On 26 March 2024, all shares held (53%) in AGD Renovationen AG, Neuenhof, were sold.
On 24 June 2024, 100% of the shares in the following Real Estate Services segment companies were sold:
- Privera AG, Muri bei Bern
- hauswartprofis AG, Mägenwil
- Rohr AG, Hausen (AG)
- analysis lab SA, Bienne
- Aatest AG, Lenzburg
- Home Service Aktiengesellschaft, Hauswartung Gartenpflege, Zurich
- Valores AG, Mägenwil
On 19 December 2024, all shares held (72%) in Perty Technologies SA, Morges, were sold.
GROUP INTERNAL MERGERS IN 2024
As at 1 January 2024, the following Group companies were merged:
- ProLabo Sàrl, Sion, has been merged into analysis lab SA, Bienne.
- Marvi Holding SA, Geneva, has been merged into Investis Properties SA, Baar.
Accounting principles |
|---|
Companies acquired by the Investis Group are included in the consolidated financial statements from the date of obtaining control. Assets acquired and liabilities assumed are recognised as of the date when control is obtained and measured at their acquisition-date fair values. Intangible assets not previously recognised for an acquired subsidiary that are relevant to the acquisition of control are identified and recognised. Any difference between the higher purchase price and the net assets acquired (goodwill) is offset against retained earnings. Where an offset takes place with retained earnings, the impact of this theoretical capitalisation and amortisation over its useful life is disclosed separately in the notes. The estimated useful life does not exceed 20 years. If the useful life cannot be determined, amortisation over 5 years takes place. In a business acquisition achieved in stages (including transactions with minorities), the goodwill is determined on each separate transaction and offset against retained earnings. |
Companies sold are excluded from the scope of consolidation as of the date on which the Group ceases to have control, with any gain or loss (after goodwill recycling) recognised in the operating result. |