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PwC Switzerland is pleased to announce that it has advised Christian Cavegn AG, a Swiss leader in temperature-controlled food logistics, on the sale to STEF Switzerland, part of the STEF Group. PwC acted as lead advisor to Christian Cavegn AG and provided financial due diligence, tax and legal services.
Founded in 1916 and headquartered in Landquart (GR), Christian Cavegn AG is one of Switzerland’s most established logistics providers in the fresh, frozen and dry food segment. The family-owned company operates nine sites across Switzerland, employs approximately 450 people, and manages a fleet of around 400 trucks and semi-trailers. Its core services include distribution for leading food retailers and manufacturers, with recognized strengths in meat and cheese logistics.
STEF Switzerland, headquartered in Kölliken (AG), employs around 280 staff, operates five sites, and runs a fleet of 60 vehicles. Since 2009 it has been part of the French-based STEF Group, which is listed on Euronext Paris, operates more than 270 sites across eight European countries, and employs over 20’000 people.
The transaction enables Christian Cavegn AG to integrate into a leading European platform for temperature-controlled logistics while ensuring continuity for its customers and employees. It also strengthens STEF’s Swiss coverage, operational scale and service offering in the food supply chain market.
The transaction (excluding Cargo Grischa AG) was signed on 12 August 2025 and closed on 30 September 2025, following customary consultation procedures. The parties have agreed to keep the transaction value confidential.
