MBO. Congrex Switzerland announced that the management buy-out (MBO) was successfully completed on December 3rd, 2013. The company, which has been in the meetings industry for over 30 years, has found its way back into independency. The company will continue to use Congrex in its brand name and will merge the two companies into Congrex Switzerland Ltd. within the next months. “We have gone through very challenging times during the last few weeks. But we are now even more enthusiastic and motivated to drive our clients to success”, says Alain Pittet, Managing Director of Congrex Switzerland. Since the financial collapse of Congrex Holding the Swiss entities Congrex Switzerland and Congrex Travel have diligently focused all their efforts on safeguarding the funds of their clients and the future of their congresses.
“It has been a long and difficult time for the Congrex Switzerland Team to achieve their MBO. However, during that period we have always been professionally updated and backed up with clear answers to all our questions. This is of major importance for EASL as the current team led by the new owners is delivering excellent services. We believe in the further success of Congrex Switzerland”, says Grégoire Pavillon, Executive Director of the European Association for the Study of the Liver (EASL). Congrex Switzerland is currently developing its new corporate identity and plans to launch its branding early next year. The team can be contacted via the temporary website www.congrex-switzerland.com.