In order to fully exploit the synergies within The Swatch Group Ltd., it has become necessary to restructure some of the Group's electronics businesses. In view of this, Swatch Group SA has decided to reorganize the operations of Omega Electronics. This company, active in the non-watchmaking sector, is part of the Swatch Group's "Electronic systems" division.
- The sports business will be merged with Swiss Timing's sports activities and all the employees will be transferred.
- The RFID (Radio Frequency Identification) business will be merged with EM Microelectronic-Marin's activities. All the jobs affected will be transferred.
- The P.I.S. (Passenger Information Systems) business will be taken over by the Swiss company PEL Passenger Electronics SA in Biel/ Bienne. All employees affected will be transferred to the new business.
- PEL is a new Swiss company belonging to Mr. R. Kossatz, owner of the German company Fernmeldewerk München-Aubing GmbH (FW).
Swiss Timing, a company in the Swatch Group, is the world leader for timekeeping at Olympic, international and top-level national sporting events.
EM Microelectronic-Marin, a company in the Swatch Group, is a world-class specialist offering high-tech solutions for energy-saving circuits and low-power products.
Swatch Group has just acquired a prestigious property on one of London's most luxurious thoroughfares. The building, located at 171 New Bond Street, has housed a salon for the Group’s international luxury brand Harry Winston since 2006. The transaction is worth around CHF 90 million. The building, constructed in 1856, has 562 m2 spread over five…
Net sales of CHF 4 019 million, +18.0% to the previous year at constant exchange rates (+11.3% at current rates), despite a massive negative currency impact of CHF -242 million. Net sales exceeded the previous record half-year 2018 by +8.5%, at constant exchange rates. Double-digit growth in all watch and jewelry price segments, with strongest…
This content is not available in English. Please see the German version below or the French version. Wir gratulieren unseren Lernenden zur bestandenen Lehrabschlussprüfung! Die Firmen und Marken von Swatch Group Assemti, Blancpain, CHH Microtechnique, Comadur, Diantus Watch, Distico, Dress your body, EM Microelectronic-Marin, ETA, Glashütte…