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									NEWS from Switzerland Trade and Investment Promotion

Volume 13, No. 4 Summer 2010
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Top of the News
Nuggets from Ernst & Young Reports on Switzerland

Swiss M&A activity in terms of transaction volume increased by approximately 50 per cent to over
11 billion US Dollar in the first quarter of 2010 compared to the first quarter of 2009. However, the
number of Swiss deals declined by more than 30 per cent year-over-year in the first quarter of
2010, according to Ernst & Young’s Mergers and Acquisitions Quarterly Switzerland.

The latest data in the Swiss Biotech Report 2010 reveals that the Swiss biotech industry
continued to grow in 2009. The number of people employed in the sector grew to 19,071, up 6 per
cent from the prior year. Annual turnover also grew to CHF 9.3 billion, an increase of 7 per cent.

An E&Y survey shows that more and more medium-sized enterprises are seeing a light at the end
of the tunnel: 36 per cent of companies expect an improvement in their own business situation,
while 43 per cent think that the economic environment in Switzerland is on the mend. Medium-
sized companies are still erring on the side of caution when it comes to making investments,
although more and more firms plan to take on additional staff during the current year.

Wins and Updates
Life science and high technology company Sigma Aldrich has committed to establish its EMEA
Headquarters in the City of St.Gallen. The new headquarters will include about 50 key
management personnel, providing oversight of all major functions. The process of relocating
personnel and staffing these functions will start in early 2011.

Albany-based telecommunications infrastructure technologies company StratoComm Corporation
has opened a market development office in Geneva housing its first operating subsidiary,
StratoComm Development, SA, a Swiss registered company, to support a market development
and administrative staff. It is anticipated that additional collaborative opportunities will result from
StratoComm’s fulltime presence in Geneva.

Phoenix-based Medaire, Inc., the aviation medical and travel assistance company, has increased
its European presence by opening a new office across from the Geneva International Airport and
is adding new personnel.

Massey Energy plans to open a sales office in Lugano to promote coal sales in international
markets. The Richmond, VA-based company says the new office is part of its strategy to increase
the   sale     of   metallurgical  coal,    which   is    used       to      produce      steel.

Axes Systems (Alpnach) and CloudMade (Menlo Park, CA) the leading innovators in their
respective domains in the mapping world, have announced a partnership, which will bring

CloudMade's maps and services to Axes Systems' customers. Axes develops the professional
cartography Software as a Service (SaaS) axpand on Demand, used for creating, deriving and
sharing comprehensive maps for print, interactive web and mobile products. CloudMade provides

a mapping, developer and mobile advertising platform that powers numerous market-leading
location and map-based applications from prominent mobile and web developers.
Equinix, Inc., a provider of global data center services, has opened its fourth International
Business Exchange™ (IBX®) data center in Zurich, more than doubling its capacity in the city.
The new 2,300 IBX data center called ZH4 represents an investment of $13.5 million.

California-based electric vehicle manufacturer Tesla Motors opened a showroom in Zurich.

Georgia-headquartered international law firm, King & Spalding LLP will open an office in Geneva -
the firm's seventh office outside the United States - to expand its international trade practice.

Ohio-based scrap broker David J Joseph Company, a subsidiary of North Carolina-based metals
company Nucor Corporation, has opened a trading office in Neuchatel.

Vendavo, a provider of business-to-business price management and price optimization solutions
based in Palo Alto CA, announced the continued expansion of its operations in Europe and the
opening of a new office in Zurich.

Navigation device maker Garmin Ltd. has completed the transfer of its place of incorporation to
Switzerland from the Cayman Islands.

Bermuda-headquartered Catlin Group, an international property and casualty insurer and
reinsurer, is to set up a reinsurance unit in Switzerland to take advantage of an expected upturn in
the European market.

NEXUS Biosystems of Poway, CA, an innovator and provider of automated sample management
systems has agreed to acquire REMP AG, a wholly-owned subsidiary of Tecan, as well as other
related assets. REMP, based in Oberdiessbach, provides sample management systems and
related sample management devices.

Dow Microbial Control, a business group of The Dow Chemical Company and an industry leading
supplier of specialty biocide solutions has opened an updated customer application center and a
fully upgraded Research and Development Center of Excellence in Buchs.

Galtere, the New York-based alternative investment house with a reported one billion dollars in
assets under management, has launched a European arm in Zug. Galtere specializes in
commodity- based global macro strategies.

Reverse Investments

Subject to regulatory approvals Switzerland-based power and automation technology group ABB,
which operates in 100 countries, has agreed to acquire US energy software management
business Ventyx for more than $1 billion from Vista Equity Partners.

ABB has also paid $20 million for a stake in California-based electronics and communications firm
Trilliant, a firm in which ABB recently invested $106 million. Trilliant develops wireless mesh
networks used by power utilities,

Liebherr Group of Switzerland will be expanding its facilities in Laval in Quebec to accommodate
the assembly and testing of the landing gear for Bombardier's CSeries aircraft. Liebherr-
Aerospace Canada plans on hiring about 35 employees. The investment is valued at more than
CDN$9 million over the next three years - $3.8 million of which are for capital expenditure.

Switzerland-based food manufacturer Nestle SA has announced that it will expand its existing
facility in St. Louis, Missouri. The expanded headquarters for the Purina PetCare group will
include an auditorium, conference rooms and office space. The $15 million expansion is expected
to be completed next year.

In related company news, it has been reported that the Nestle Research Center in Lausanne
donated $500,000 to the Cleveland Clinic’s Lerner Research Institute to study the effects of a
whole-grain diet on a person’s body composition and metabolism. The study will be the first to
use advanced body composition measurement techniques such as MRI’s at the Clinic, which is
becoming a US leader in the wellness market.

Lindt & Sprungli, the Swiss premium chocolate manufacturer, will launch a new 40,000 square
foot bean roasting facility at its US headquarters in Stratham, New Hampshire.

Swiss Lonza Group Ltd has signed an agreement to acquire Moda Technology Partners, a
Pennsylvania based, data-collection and management software development company.

The Oettinger Davidoff Group, based in Switzerland, a premier cigar and tobacco products
retailer, is moving into a 100,000 square-foot facility in Pinellas Park, Florida. The company’s
move from Stamford, Connecticut will create 90 jobs and involves approximately $10 million in
capital investments in the city.

From The Foreign Desk

miRoamer, a wholly-owned subsidiary of Australia-based digital media company Mi Media
Holdings Limited and global innovator in the Internet radio industry, opened its European office in

Brussels-based Zanders Treasury & Finance Solutions, a leading consultancy focusing on
treasury management, risk management and corporate finance, has opened a new office in

UK-based insurance company Amlin plc has announced its intention to establish a reinsurance
company in Zurich to provide European reinsurance buyers with its security and service delivery.

ATA Recruitment, also from the UK, has announced the opening of a new office in Switzerland
and the recruitment of staff. The firm specializes in the manufacturing, engineering and energy

Terumo Europe N.V., an affiliate of Terumo Corporation, Japan, a global medical technology
company, opened a branch office in Wettingen, canton Aargau. The facility focuses on promotion
of the company's innovative technologies including vascular interventional systems, blood
transfusion systems and perfusion systems for cardiac surgery.

Germany-based e-shelter is expanding into Rümlang, approximately 10km from Zurich's city
center, with a 279,900-square-foot data center facility expected to open in mid-2011.

Japanese automotive company Nissan has announced the opening its new European
headquarters in Rolle, canton Vaud, where it has relocated from its former European
headquarters in Trappes, France. Among the key functions carried out at the new facility are
general administration, marketing, sales, as well as manufacturing and supply chain management,
legal and finance. For the first time, these functions are gathered in the same location for Nissan’s
operations in Europe.

Also from Japan, Tokio Marine has announced plans to open a new office in Switzerland to better
provide services to clients and brokers. The company operates in 38 countries and 432 cities

Lidl, Germany's second biggest discount retailer after Aldi plans to expand into Switzerland and
the United States according to Klaus Gehrig, Chief Executive Officer of parent company Schwarz

Telecommunications giant France Telecom plans to invest over seven hundred million Swiss
Francs over the next five years in its Orange mobile network in Switzerland.

Barwa Real Estate, an affiliate of the Qatar Investment Authority, is expanding its international
portfolio through the acquisition of two prominent Swiss hotels. Barwa will renovate the hotel
Schweizerhof in Berne and the royal Savoy hotel in Lausanne.

Other News from our Worldwide Sources

SABMiller Plc, the world’s second- largest brewer, is developing a global procurement unit in Zug
rather than the U.K. to benefit from a lower taxation regime. The division, responsible for buying
brewing materials such as glass, aluminum, barley and malt, is being set up now and could create
as many as 400 jobs. The maker of Pilsner Urquell and Grolsch, moved its European
headquarters from Budapest to Zug in 2007 and employs about 60 people in the office.

The IMD (Institute for Management Development) business school in Lausanne has been placed
third worldwide in the Financial Times’ executive education rankings for 2010. Harvard Business
School in the United States took the top spot in the 2010 top 50, with HEC Paris in France

FDI inflows worldwide plummeted by 37 per cent to $1,114 billion in 2009, following a 16 per cent
decline in 2008, according to UNCTAD’s World Investment Report 2010. The report also found
that      outflows     also     fell     43      per      cent        to       $1,101     billion.

Swiss utility Alpiq Holding AG is constructing a 6.9 MW wind farm in Jura comprised of three
Enercon E-82 type wind turbines of German manufacturer Enercon GmbH. The power plant will
start operating by the end of 2010 and its annual output will be about 12 million kWh, enough to
supply 10% of the households in the canton, according to the company's estimates.
                           nd      rd
Zurich and Geneva rank 2 and 3 after Vienna in the Mercer Human Resources 2010 Quality of
Living Survey of 221 cities. Berne ranks No. 9. New York City is the index at 100 and ranks 49 th.

Switzerland and Sweden both have successful, established biotech clusters. Analysts with the
Swiss consultancy Venture Valuation examine the reasons why, and compare them to emerging
clusters in Eastern Europe.

Switzerland launches the “Alpmobil.” A recent green tourism event launched the promotion of
battery-driven electric vehicles for use by summer visitors between July and September in a
region some 100 km (63 miles) southeast of the Swiss capital Bern. Plentiful electricity supplies
have been tapped to provide over 20 battery charge points serving up “totally green energy." Cars
will be on hire at hotels, garages and railway stations for 60 Swiss francs (US$54).

Coming Events To register for these and other events click the “Event” icon at

September 15, Soiree Suisse, Swiss Embassy, Washington (by invitation only)
October 18-20: Advamed 2010 and STIP’s Innovation/Growth Seminar, Washington DC
October 19, Swiss Med Tech Reception, Swiss Embassy, Washington (by invitation only)
October 25-27: CFO Rising West Conference, Las Vegas
October 26: Innovation/Growth Seminar, California Medical Device & Investor Forum, Newport
November 8: 2009 Tell Awards Ceremony, Washington DC
November 9, Manufacturing Summit, Ronald Reagan International Center, Washington, DC
December TBD, Swiss Webcast Cleantech Switzerland
December 9 - 10, Ecobuild America, Washington, DC

Publicity and Promotion

Releases distributed since our last newsletter

May 26 - Switzerland Posts Biotech Gains in 2009
June 23 - Rolex Learning Center Opens at Switzerland’s EPFL
July 20 - Webcast Describes Swiss Tax Regime's Influence on Foreign Direct Investments
SwissInk (Note that links were “live” at publication of this newsletter)

The Swiss magazine Private carried a 2-page article in the April issue titled “Zurich in these times.
The center of global capital flow remains an island for global investors.” It was written by Dr.
Frederick Metz Shepperd CEO, Shepperd Investors AG, Küsnacht

Our release on Swiss Biotech Gains was initially picked up by some 202 online news services
with daily hits ranging from 1,000 to 56.8 million, the latter being Yahoo! Finance

Our release on the Rolex Learning Center at EPFL was carried by Nano Business News

Our release on Fiberforge’s new EMEA HQ in Zug was picked up by Site Selection

More coverage on the Green Technology media tour

Sustainability – The Journal of Record, ran a 5-page 4-color article in their April issue titled “HEIG-
VD leads Switzerland in Sustainability Training and Development.” Lori Tripoli represented the
publication on the tour.

The publication also ran an article on EPFL’s Martin Graetzel winning the Millennium Technology
Prize for his more than 30 years to the development of dye-sensitized solar cells.

Shawn Lesser, president and founder of Atlanta-based Sustainable World Capital reported in the
May 27 issue of Inside Cleantech (represented on the tour by Lisa Sibley) on “Ten Reasons why
Switzerland is a Clean Tech Leader.” In the article he noted the country’s No. 2 ranking in the
2010 Environmental Performance Index and Europe’s most Innovative Country in 2009. Among
some of the reasons given were that Switzerland is a pioneer in sustainable and cleantech
investing, has made cleantech one of the top priorities in spurring the national economy, that it
has developed one of the world’s most advanced green building rating systems (Minergie) and
aspires to a 2,000-watt society as a long term goal.
Details at

A report on “Bringing Swiss Innovation to California” was included in the Green Technology report
to 120,000 recipients. This list consists of leaders in the private sector, the education community,
State Government and local government in California. The report included links and photos for
Katadyne, Creaholic, Mecana, SwissFarmPower, the 2,000-watt society, Walter Meier and
Eawag. h p: //w      r              gy. r
               ww. g een- technol o o g/gr een_t echnol o          a     e/ i          r
                                                             gy_m gazi n sw ss-gal le y/

More coverage on the September 2008 MEMS Tour

A two-page four color article by John Morrow in the 2010 Medical Manufacturing Yearbook
featured Sensimed’s device for measuring intraocular pressure.

                                                                                  July 30, 2010


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