09.01.2026 / Deals & Cases

Deal: Wenger Vieli advised HOERBIGER on the acquisition of Physik Instrumente (PI)

Wenger Vieli advised HOERBIGER, a global technology group specializing in performance-defining components for various industries, on all Swiss legal aspects in connection with the acquisition of PI.

Founded in 1970 and headquartered in Karlsruhe, PI is globally renowned for its high-precision motion and positioning solutions, including piezoelectric drives, linear actuators, rotary tables and multi-axis systems. PI’s technologies are performance-defining in industries such as semiconductor manufacturing, photonics, microscopy, metrology and medical devices. With approximately 1,900 employees, PI operates worldwide with nine production sites across Europe, North America and Asia.

Following the transaction, PI will form the new “Positioning” Division within the HOERBIGER portfolio and will continue to operate as a standalone entity, retaining its name, brand and global market presence. The acquisition marks another milestone in the transformation of HOERBIGER, enabling the company to expand into new markets driven by long-term, sustainable growth trends.

The M&A team was led by Beat Speck (Partner, Corporate/M&A) and included Cyrill Barmettler (Associate, Corporate/M&A), Andrea Christen (Associate, Corporate/M&A), Michèle Joho-Menotti (Senior Associate, Corporate/M&A), Claudia Keller (Partner, ICT/IP/Competition Law), Michael Tschudin (Partner, ICT/IP/Competition Law), Martin Peyer (Partner, Financial Services), Micha Schilling (Counsel, Financial Services), Jonas Bühlmann (Partner, Tax) and Ottavio Muff (Associate, Financial Services).