municipality of Engelberg is increasing its stake in the Titlis cable cars.

The municipality of Engelberg was offered 4,250 shares of Bergbahnen EngelbergTrübsee-Titlis AG (BET) for purchase. The municipal council decided to seize the opportunity and acquire the aforementioned BET shares. BET AG is the largest tourism provider in the valley and of great importance to the Engelberg economy. The municipal council is therefore very interested in strengthening the municipality's stake. The shares were purchased for a total of CHF 212,500.00.

Based on the principles of the Obwalden Cantonal Financial Management Act, the BET shares are recorded in the municipal balance sheet as an investment in the financial assets. These are assets that can be sold again without impairing the fulfillment of public duties. Therefore, the decision-making authority regarding this matter lies with the municipal council.

Bergbahnen Engelberg-Trübsee-Titlis AG, BET (also marketed as Titlis Bergbahnen ), is a Swiss transport services and tourism company . Its activities are concentrated in the Engelberg , Trüebsee , and Titlis area and encompass three divisions: cable car operation , gastronomy , and hotels . The company, legally based in Wolfenschiessen and headquartered in Engelberg, employs an average of more than 250 people and generated revenue of CHF 81.3 million in the 2024/2025 financial year. Bergbahnen Engelberg-Trübsee-Titlis AG is listed on the SIX Swiss Exchange.

The company was formed in 1982 from the merger of the Engelberg-Gerschnialp AG (DEG), founded in 1911, and the Gerschnialp-Trübsee AG (LGT), founded in 1926. These were joined in 1992 by the Trübsee-Kleintitlis AG (LTKT) aerial cableways and in 1998 by the Trübsee-Jochpass-Engstlensee AG (BTJE) mountain railways together with the Jochpass-Jochstock AG ski lift and chairlift .

The core business is the operation of the mountain lifts. This includes the Engelberg- Gerschnialp funicular , the Engelberg-Gerschnialp and Gerschnialp-Trübsee gondola lifts , the Gerschnialp-Trübsee and Trübsee-Stand aerial cableways , and the Titlis Rotair Stand-Titlis aerial tramway . The latter two are collectively known as the Titlis cable car . In addition, there are seven chairlifts and the Ice Flyer glacier ski lift . The mountain railway operations account for two-thirds of the total revenue of the Engelberg-Trübsee-Titlis mountain railways, with approximately 60 percent coming from winter operations and just under 40 percent from summer operations .

The catering division, operating under the Titlis Gastroland brand, comprises several restaurants and kiosks at the Titlis summit station, as well as at the Stand, Trübsee, and Engelberg valley stations. The company also owns the Hotel Terrace in Engelberg and the Trübseehof mountain hotel above Engelberg near the Trübsee station. The catering and hotel divisions contribute 20 and 14 percent, respectively, to the total revenue of the Engelberg-Trübsee-Titlis cable car company.