Moser Group has been taken over by a group of Swiss investors in a move that should secure its future as a watchmaker and maker and supplier of watch components.
Speaking of the take over the group’s chief executive Dr Christof Zuber said: “The operation gets a second chance, therefore the brand, with its unique heritage, will continue to grow.”
The takeover incorporates the operational companies of the Moser Group, watch manufacture H.Moser & Cie. and Precision Engineering AG, a specialised manufacturer of escapement components.
A release from Moser Group said that business operations will be continued by the existing teams, supported by the already involved industry consultants.
To guarantee continuity with shareholders the previous majority shareholder has agreed to acquire a minority interest, and will not play any active role within the company.
H. Moser & Cie presented its Meridian watch at BaselWorld this year, its first to feature an automatic movement and two time zones.