On Wednesday, August 13, Audemars Piguet announced that it had acquired a majority stake in Inhotec SA. This Swiss specialist in micromechanics and precision machining is also a long-standing supplier to the watchmaker.
With this majority stake in its loyal supplier Inhotec SA, luxury watchmaker Audemars Piguet is now pursuing a strategy of vertical integration.
This strategic move comes at a time when the watchmaking sector is facing a slowdown in global demand and new international trade pressures.
Acquisition of a subcontractor
Audemars Piguet “will now provide strategic and financial support” to Inhotec SA, as stated in the press release. A company specializing in the manufacture of watch components for high-end watches and raw watches, it has been a trusted partner of the Le Brassus-based company for many years.
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