After getting back to its roots on February 6, 2006, with the acquisition of the ‘Château de Môtiers’ in the Val-de-Travers, Pascal Raffy has accelerated the plan of development for Bovet even further by acquiring three manufacturing structures.

He thus ensures the Maison Bovet their future supply and full autonomy in terms of manufactured movements, which cater to the highest criteria. With this acquisition, Bovet joins the elite group of Swiss Haute Horlogerie manufacturers. Few watch companies can say that they have reached their objectives in such a short period of time.

The companies of STT holding acquired by Bovet are regrouping more than 60 highly skilled employees and the 2000 sq. meters of workshops in Tramelan, in the heart of Jura Bernois region, bring with them the essential know-how of quality workmanship in the manufacturing of haute horlogerie movements. In addition, consequent investments, planned as of now, will allow the guarantee of supply in terms of quality and quantity of exceptional movements.

The acquired manufacturing structures include: STT Complications SA (ex Progress Watch, production and developments of tourbillons), STT Mechanical Movements SA (calibres), STT SPIR-IT (spirals) that will move from Bienne to Tramelan end of 2006, as well as Aigat (stamping) and STT Watch U Licence (brevets).

All the companies are gathered under the same banner and roof in Tramelan with the new appellation; Dimier 1738, a name belonging to the Bovet patrimony.

Bovet is also partner of the company Aubert Complications at Le Lieu (VD).

“As a client of these companies since 2004,” Pascal Raffy says, “I knew very well the quality of their products and it was a unique opportunity to enter the very close circle of genuine manufactures of Swiss Haute Horlogerie. It was also a way to guarantee our total autonomy in terms of supply of manufactured movements, answering not only the highest criteria but guaranteeing a vertical growth of our production, indispensable for an ambitious and prestigious watch company. I will assume the development of manufacturing, focussing on the highest quality of products, but in keeping a limited production in terms of volume. Excellence, exclusivity and respect of delivery terms are for me essential preoccupations.”

With Dimier, Bovet transforms itself into a manufacture to secure a vertical growth of its production. Its main task will be the creation of the exclusive BOVET movement, a high watchmaking calibre that will be presented in 2008. Nonetheless, the new identity DIMIER 1738 will not overturn everything and will continue to manufacture tourbillons and other movements for its existing clients.


Source: Bovet Fleurier SA

www.bovet.com

Contact: [email protected]