Takeover of the operational activities of Tanzarella

Swatch Group

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

Apprenticeship Graduation 2021

Apprenticeship Graduation 2021

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 Blancpain, Breguet, Pensionskasse Swatch Group, CHH Microtechnique, Comadur, Diantus, Dress your body, EM Microelectronic-Marin, ETA…

SWATCH GROUP: Half-Year Report 2021
AD HOC

SWATCH GROUP: Half-Year Report 2021

SWATCH GROUP: Half-Year Report 2021 Net sales of CHF 3 392 million, +54.6% to the previous year at constant exchange rates, or +54.4% at current rates. Operating profit of CHF 402 million compared with operating loss of CHF -327 million in the previous year. Operating margin of 11.9%. Watches & Jewelry segment (excluding Production) with a…

Ordinary General Meeting of Shareholders

Ordinary General Meeting of Shareholders

Decisions taken by the Swatch Group shareholders at the Ordinary General Meeting of Tuesday, May 11, 2021 Biel/Bienne (Switzerland), May 11, 2021 - The Ordinary General Meeting of Shareholders has been held in accordance with Article 12 ff of the Articles of Association and Article 27 of the Ordinance 3 on Measures to Combat the Coronavirus (COVID…