Takeover of the operational activities of Tanzarella
The Swatch Group Ltd.: Takeover of the operational activities of Tanzarella Ltd. in the field of watch movement assembly
The Swatch Group Ltd. and Tanzarella Ltd. signed a contract for the takeover of the activities of Tanzarella Ltd. in Riazzino/Locarno taking effect on July 12, 2010. The takeover will take place by transferring the assets into a recently founded Swatch Group company. The new company called Assemti Ltd. will be at the present location in Riazzino / Locarno. The Swatch Group Ltd. will acquire the building used until now by Tanzarella from Credit Suisse.
The Tanzarella Company is active in the assembly of watch movements. It employs 236 employees in Riazzino / Locarno. All the employees will be taken over. The former owner, Mr. Enrico Tanzarella, will remain with the company as operational responsible. Tanzarella Ltd. worked already until now exclusively for ETA SA Manufacture Horlogère Suisse, a company of The Swatch Group Ltd.
The takeover contracts are subject to the approval of the register of commerce regarding the transfer of the assets.
Related news
Half-Year Report 2026
Strong sales growth and important gains in market sharesSwatch Group recorded a strong increase in sales, driven by a solid momentum across all price segments and on every continent. The diversified portfolio of brands, the launch of innovative new products and the increasing efficiency of the Retail business supported this performance. The…
Apprenticeship graduation
Congratulations to our apprentices for their successful apprenticeship graduation! The companies and brands of the Swatch Group Blancpain, Breguet, CHH Microtechnique, Comadur, Caisse de pensions Swatch Group, Distico, Dress your body, EM Microelectronic-Marin, ETA, Longines, Manufacture Ruedin, Micro Crystal, MOM Le Prélet, Nivarox-FAR,…
Ordinary General Meeting of Shareholders
At the Ordinary General Meeting of Shareholders of The Swatch Group Ltd on Tuesday 12 May 2026, Mr. Andreas Rickenbacher was elected as a new member of the Board of Directors with 92.2% of the votes cast in his favor. Andreas Rickenbacher's profile and professional background are significant assets that will support the Group's strategy.Andreas…