AGP Executive Report
Last update: 4 hours agoPharma Manufacturing: Lonza will buy five US sites from Merck, more than doubling its US footprint to nine facilities. About 1,100 employees will join, with the deal expected to close in mid-2027. Swiss Watchmaking: Audemars Piguet launched a certified pre-owned platform; sellers must have owned their watch for at least two years. Industrial Expansion: Kanadevia Inova acquired Chennai-based Petrokens, adding more than 80 employees and engineering capacity for its Asia-Pacific operations. Transport Technology: ABB will equip a third Washington State hybrid-electric ferry, extending a contract that includes a 13.2 MWh energy storage system. Swiss Banking: EU rules due to take effect in January 2027 could require Swiss banks serving EU clients with core banking services to establish locally authorised branches. Economic Pressures: Swiss inflation rose to 1.5% in October, its highest since December 2023; Lufthansa, which owns Swiss, also raised its 2026 fuel-cost forecast by €2 billion and trimmed its profit outlook.
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