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Frederic Piguet SA acquires Francois Golay SA

Biel, Bienne, Le Sentier - The Swatch Group company Frederic Piguet SA, until now owner of 35% of the shares of Francois Golay SA in Le Brassus, acquires with immediate effect the remaining 65% of the shares of the company from the owners, Messrs. Jean-Marc Berney and Yves Berney. 

Mr. Jean-Marc Berney will become managing director thus keeping the operational management of the company. The more than 100 employees will be taken over without change.

Francois Golay SA is specialized in the development of high-quality wheels and other watch components. Breguet SA, Blancpain SA, Frederic Piguet SA and other Swatch Group companies are already today among the most important clients of the Francois Golay Company. 

The development of the extraordinary know-how of Francois Golay SA and of its production apparatus will continue to be one of the top priorities of Frederic Piguet SA

Courtesy: Swatch Group, Switzerland

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Posted by Jigar Gondalia on 13 June, 2008 5:05:01 PM IST #


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