Archive
Nivarox-FAR: Cary Activities sold to Brown & Sharpe Tesa SA
Le Locle (Switzerland), September 27, 2000 – Nivarox-FAR, a company of the Swatch Group of Switzerland, in Le Locle (Switzerland) has sold its metrology sector known under the CARY brand (gauge-blocks, plug and ring gauges, metrology equipments and calibration lab) to Brown & Sharpe Tesa SA in Renens (Switzerland), an affiliate of Brown &…
Acquisition of Montres Jaquet-Droz
Biel / Bienne (Switzerland), April 25, 2000 – The Swatch Group Ltd acquired the shares of Montres Jaquet-Droz SA, La Conversion VD (Switzerland), so far owned by Cupola Venture Partners 1 Ltd., Cayman Islands, and private Swiss minority shareholders. Montres Jaquet-Droz SA are active in the luxury segment. Their products are sold mainly on the…
Swatch Group – ½% convertible bond issue 1999 – 2006 of CHF 400,000,000
Biel / Bienne, March 10, 1999 - To finance future activities and in view of the planned resumption of the share repurchase programme via the second trading line following the Ordinary General Meeting of Shareholders of 23 June 1999, the Swatch Group is issuing a 1/2% convertible bond issue of CHF 400 million. As part of the active management of…
The Swatch Group Ltd. acquires Groupe Horloger Breguet from Investcorp S.A.
Biel / Bienne (Switzerland), September 14, 1999 - Investcorp S.A. and The Swatch Group Ltd. have reached an agreement whereby all shares of the Groupe Horloger Breguet will be taken over by the Swatch Group. Breguet whose origins date back to 1775, is one of the oldest timepiece manufacturers in the world. It produces high quality hand-assembled…
The Swatch Group sells its smart participation to Daimler-Benz
Biel / Bienne (Switzerland), November 4, 1998 – Daimler-Benz AG (Germany) takes over the 19% shareholding of Micro Compact Car (MCC), the producer of the smart car, from the Swatch Group, Biel (Switzerland). The transfer is effective as of October 31, 1998. MCC is henceforth a 100% subsidiary of Daimler-Benz AG. After the successful introduction…
New Members on the Board Of Directors - Name Change Accepted
Biel / Bienne (Switzerland), June 24, 1998 - At today`s General Assembly of the SMH shareholders, the 1997 balance sheet with a turnover of Sfr. 3,053 billion and a net income of Sfr. 332 million has been approved. From the net income of Sfr. 270 million of the Holding balance sheet, a dividend of 20% (18% in 1997) of the share-capital will be…