This article is based on the research process for our list of the largest companies in Switzerland. The list includes contact details, fields of activities, revenues (if publicly available) and many more valuable data points.
Zurich is Switzerland’s trade and service center par excellence and an outstanding business location. Numerous companies of distinction have their headquarters here – including these 3 heavyweights. We report on the largest financial companies in Zurich in a separate article.
The Migros-Genossenschafts-Bund (MGB) is one of the largest retail trade organizations in Switzerland. Almost a century ago – in 1925 – Migros was founded by the Swiss entrepreneur and politician Gottlieb Duttweiler. He determined Migros’ destiny for decades. Today, MGB consists of ten regional Migros cooperative organizations and numerous subsidiaries. The group represents a mix of cooperative association and corporate group. The organization is supported by around 2.3 million Migros cooperative members. Migros operates numerous supermarkets, specialist stores, food outlets, service stations (Migrol) and other businesses throughout Switzerland. In 2022, it generated total sales of CHF 30.1 billion with nearly 98,000 employees.
2) ABB Asea Brown Boveri Ltd.
The ABB Group was formed in 1988 by the merger of the Swiss group Brown, Boveri & Cie with the Swedish group ASEA (= Allmänna Svenska Elektriska Aktiebolaget). The new industrial giant is a heavyweight in the field of energy and automation technology. Technologies in electrification, solutions and services in robotics and factory automation, and industrial automation products are ABB’s core businesses. The group had revenues of $29.45 billion in 2022 and employed more than 105,000 people worldwide. ABB shares are predominantly in free float. The group operates in around 100 countries through more than 300 subsidiaries.
3) Adecco Group AG
The Adecco Group is one of the world’s largest staffing companies, with over 38,000 employees and sales of 23.6 billion euros (2022). The name “Adecco” is made up of the two components “Adia” and “Ecco”. The merger of the Swiss personnel service provider “Adia Interim” and its French counterpart “Ecco” marked the start of the Adecco story in 1996. However, it took a whole series of further acquisitions and mergers before the current group of companies came into being. Today, Adecco is present in more than 60 countries around the world with over 5,200 offices. Adecco shares are almost exclusively in free float.
Picture source: Henrique Ferreira via Unsplash (29.04.2023)