Ulysse Nardin has bought the rights to Ebel’s chronograph calibre 137 movement in a move that it has described as “another swift step towards independence”.
As well as buying the rights to the movement, Ulysse Nardin has also bought up the tools required to make and has hired five members of staff who were working in the movement at Ebel.
The movement will now be made at Ulysse Nardin’s manufacturing facility in La Choux-de-Fonds in Switzerland and will be renamed Ulysse Nardin Caliber 150.
Ulysse Nardin has been using the chronograph movement since 1995 when it was specifically created for the watch brand by Ebel.
In an interview with American magazine Watch Time Ulysse Nardin chief executive Patrik Hoffman said that part of the reason behind the acquisition of the movement was a move away from mechanical choronographs. He said: “Ebel does not want mechanical chronographs in its collection and will not use that movement anymore.”
Ulysse Nardin is planning to release a watch with the newly named Ulysse Nardin Caliber 150 movement by the end of the year.