Business Units
The Metall Zug investment model focuses on sustainable value creation and is based on three strategic pillars. The three pillars comprise the directly controlled industrial Business Units with a focus on ophthalmology (Haag-Streit), the Tech Cluster Zug as an innovative real estate and area development project, and the strategic investments in leading industrial companies with premium products in attractive niche markets.
The Haag-Streit Group (Medical Devices Business Unit) is an international medical devices company specializing in ophthalmology. Haag-Streit develops, produces, and distributes innovative devices and complete solutions for medical diagnosis, microsurgery, and the training of eye care specialists.
Haag-Streit is committed to supporting ophthalmologists in their quest to improve eyesight with sustainable, integrated solutions to achieve the best possible outcome for patients worldwide. Early detection and professional diagnosis are crucial to maximizing the chances of successful eye treatment. The company has a 165-year brand tradition and 100 years of experience in the development of ophthalmic devices.
Haag-Streit is represented at 10 locations worldwide and manufactures in Switzerland, Germany and the USA.
The Haag-Streit Group’s business operations are divided into five main product areas:
General Diagnostics
The “General Diagnostics” area comprises ophthalmological solutions for ophthalmologists and optometrists to carry out general ophthalmological examinations. Haag-Streit is a market leader with its slit lamps, and the name “Haag-Streit” is a guarantor for quality, durability, and reliability “made in Switzerland”. This area also includes high-quality tonometry devices (measurement of intraocular pressure) and refractors (measuring instruments for determining visual acuity).
Specialties
The “Specialties” area offers comprehensive solutions for the highly specialized diagnostic clarification of pathologies, for longitudinal course analysis and for ophthalmic surgeons in the operating room. This includes perimeters (measurement of the field of vision), biometers (measurement of the eye structure), high-precision surgical microscopes for ophthalmic microsurgery, and other surgical accessories for eye specialists.
Simulation
Through Haag-Streit Simulation, the company is also a pioneer in the use of virtual and augmented reality technology, as well as in digital imaging in ophthalmology. The “Simulation” area brings together holistic, innovative solutions to support eye specialists with realistic simulations for education and recurrent training. The unique offering includes slit lamp simulators, complex simulators for eye surgery, and customer-specific simulators.
Chairs & Stands
The “Chairs & Stands” division includes high-quality examination units for general eye examinations and operations, as well as chairs, tables, and other specialist furniture produced in the USA and Germany for various market needs.
Accessories
The Accessories area includes high precision oprical measurement system , components, and optical lenses as well as software solutions and comprehensive service.
Learn more
Visit haag-streit.com for detailed information on our innovative products, solutions and services
The Technologycluster & Infrastructure Business Unit directs the industrial development of the site in Zug north and the establishment of the Tech Cluster Zug (TCZ) and other infrastructure activities.
The Business Unit focuses on the planning and development of the Tech Cluster in Zug north and the implementation of the various construction projects associated with it. In addition to real estate development, the Business Unit’s team is responsible for the management, operation, and maintenance of the Tech Cluster Zug, including the areas belonging to the V-ZUG Group. This also includes the development of sustainable infrastructures, mobility solutions, and energy supply systems, the acquisition of new tenants, the creation of new offerings, and marketing and communication, in particular with the authorities and the site's immediate neighbors. In addition, the companies of the Metall Zug Group also receive support with real estate and infrastructure projects outside of Zug.
This Business Unit consists of Tech Cluster Zug AG and Urban Assets Zug AG, which owns various properties on the Tech Cluster Zug site. In addition, Tech Cluster Zug AG holds a 50% stake in Multi Energy Zug AG, a joint venture with the regional energy supplier WWZ AG. Multi Energy Zug AG (MEZ) operates a Multi Energy Hub (MEH) on the site in Zug.
Tech Cluster Zug owns a real estate portfolio of around 60,000 m2 in Zug north. The development area of the effective TCZ land development plan is around 46,000 m2 and offers development potential for a building volume of up to 680,000 m3. Mixed uses for industrial production, office space, educational institutions and apartments are foreseen. V-ZUG's production operations already meet the TCZ's minimum requirements for industrial use. This provides flexible development options:
The development of the Tech Cluster Zug is currently characterized by four major projects: SHL-Südtor, CreaTower I, refActory and Pi.
| Project overwiew | SHL Südtor | CreaTower I | refActory | Projekt Pi | |
|---|---|---|---|---|---|
| Usage | Combined production and office | Office building, Headquarter of VZ Depository Bank | Showroom and museum V-ZUG, canteen, office | Living space (70% affordable housing) Usage on ground floor not yet defined | |
| Purpose | Long term rental property with SHL Medical | Sale to VZ Depository Bank | Long term rental property with V-ZUG and third-party tenants | Sale of apartments to V-ZUG pension welfare fund and GEWOBA (condominium), Rental or sale of remainders to third parties | |
| Building volume | 102’632 m3 | 35’696 m3 | 42’300 m3 | 95’195 m3 | |
| Expected finalization | 2026 | 2028 | 2028 | 2029 (delay expected) |
Learn more
Visit techclusterzug.ch and find out more about the transformation of an industrial site into a centre for technology, sustainability and future-oriented production.
The reporting segment Investments & Corporate comprises Metall Zug AG, Gehrig Group AG, and the strategic investments in V-ZUG Holding AG (30%), Komax Holding AG (25%) and SteelcoBelimed AG (33%).
Gehrig Group AG
Gehrig Group AG is a leading supplier of dishwashers, thermal equipment and cleaning agents, as well as related services seven days a week for the catering and hotel sectors in Switzerland. With its own “Swiss made” appliances, as well as a portfolio of renowned third-party brands, the company stands for reliable quality, consistent longevity and a passion for local hospitality.
Learn more
Visit gehriggroup.ch and discover innovative appliances, customised services and sustainable solutions for the catering, hotel and warewashing industries.
Strategic Investments
Due to our tradition as an industrial conglomerate, we therefore also have a portfolio of strong strategic investments in Swiss industrial champions with great value development potential. We support them in exploiting this potential as leading players in their respective niche markets.
V-ZUG – 30% participation
Metall Zug has held a stake of around 30% in V-ZUG Holding AG (VZUG) since the spin-off and separate listing of V-ZUG in mid-2020. V-ZUG is number 1 in the Swiss market for household appliances in kitchen and laundry room. It also has high potential to grow above the market average in foreign markets while maintaining and expanding its high market share in Switzerland. The V-ZUG brand enjoys an excellent reputation and stands for innovative, long-lasting premium products and sustainable processes.
Komax – 25% participation
Metall Zug has held a 25% participation in the listed Komax Holding AG (KOMN) since the merger between the former subsidiary Schleuniger and Komax in 2022.
Komax is the undisputed number 1 on the global market, and the technology leader in the field of solutions in (automated) wire processing and testing. The important industry trends of automation and digitalization, as well as miniaturization and electrification offer Komax great potential to gain market share even outside the automotive industry. The company is also competitively positioned in the Chinese market through various investments.
Metall Zug has one representative in the Board of Directors of Komax Holding AG and has agreed a lock-up period for its investment until 2028.
SteelcoBelimed – 33% participation
The joint venture SteelcoBelimed, which Metall Zug founded in 2024 with Miele, comprises the former subsidiaries Belimed Infection Control and Belimed Life Science as well as Steelco, which is part of Miele Professional.
SteelcoBelimed has set itself the goal of becoming the most innovative, reliable, and customer-oriented provider of cleaning and sterilization equipment in the infection control and life science sectors. SteelcoBelimed is one of the top 3 global players in this market. By combining forces, the joint venture is ready for growth in an attractive market that is driven by increased hygiene requirements, the trend towards automation, and continued high investments by the pharmaceutical industry, including in the production of new blockbuster drugs.
Metall Zug holds a 33% stake in SteelcoBelimed and holds two of five positions in the Board of Directors. The joint venture with Miele is set to last until 2034. Key figures on the business performance of SteelcoBelimed will be published as part of Metall Zug's financial reporting.