About us

Our group of companies was founded in 1994 in the city of Zug in the Central Switzerland.Zug, the capital of the Canton Zug, is an affluent Swiss municipality and it‘s attractive tax environment has made a major contribution to the economic prosperity of the whole canton. The name „Zug“ originates from fishing vocabulary; in the Middle Ages it referred to the right to „pull up“ fishing nets and hence to the right to fish in the lake and rivers. Zug joined the Swiss Confederation already in 1352 and until well into the 19th century, consisted mainly of agricultural land. Actual industrialization began in 1834 with building of a cotton mills in the canton. In 1866, the first European condensed milk factory was founded and merged later with Nestlé. Industry in Zug was dominated by the company Landis & Gyr, founded in 1896, and now owned by Toshiba. The connection to the Swiss railway network in 1864 was important, as was the connection of mountain and valley with an electric tram at the beginning of the 20th century.

In the second half of the century, dynamic expansion took place and Zug became a national and international financial and trading center, aided by its proximity to Zürich, and by an attractive tax policy. In parallel, large industrial and commercial zones evolved; employment increased rapidly; the population rose sharply, and the building boom skyrocketed. Canton Zug catapulted itself into being at the top of the financially strong cantons and is headquarters for a number of multinational companies. And the town today has become, as the British Guardian once wrote, ‘a compass of the global economy’.