Swiss M&A Report

Market and valuation update for the Energy, Utilities and Resources sector

In addition to an overview of the general transaction environment in the Swiss Energy, Utilities and Resources (“EU&R”) sector, the publication delivers comprehensive insights into the past and current valuation levels of eight sub-sectors (Independent Power and Renewable Electricity Producers, Utilities, Metals & Mining, Oil/Gas & Consumable Fuels, Energy Equipment & Services, Electrical Equipment, Environmental & Facilities Services, Paper & Forest Products) covering the entire Swiss EU&R market, as well as sector-specific growth rates and margins.

Current M&A environment in the Swiss EU&R sector

June 2026

While global EU&R deal volumes softened at the start of 2026, headline deal values remained resilient, supported by larger transactions and selective capital deployment. In Switzerland, activity rebounded strongly in Q1 2026, driven by renewed momentum in Power & Utilities, corporate buyers and cross-border transactions.

As dealmakers navigate greater selectivity, energy security considerations and shifting capital allocation priorities, the report highlights where strategic momentum remains strongest across power, utilities, renewables, critical materials and related infrastructure. 

Swiss M&A Report

Market and valuation update for the Energy, Utilities and Resources sector

Contact us

Marc Schmidli

Partner, Deals Leader, Zurich, PwC Switzerland

+41 58 792 15 64

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Sascha Beer

Partner, Corporate Finance / M&A Leader, Zurich, PwC Switzerland

+41 58 792 15 39

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Pascal Ziegler

Director, Deals Advisory, PwC Switzerland

+41 58 792 14 39

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