Swiss luxury watchmaker Audemars Piguet acquired a majority stake in Inhotec SA in August to preserve and strengthen the Swiss watchmaking ecosystem and secure its industrial independence.
Inhotec SA is renowned for its excellence in micromechanics and expertise in precision machining, and has long been a trusted supplier to Audemars Piguet. This investment builds on the strong relationship between the two companies and their shared long-term industrial vision, strengthening Inhotec’s position in the Swiss watchmaking industry and supporting its long-term growth.
Inhotec’s founder and CEO, Alexandre Eme, will retain a significant minority stake in the company and, as CEO and Chairman of the Board, will continue to play a leading role in driving the company’s growth and long-term vision.
The company will continue to operate independently under its current name, serving all watch brands in its existing and future portfolio. While Audemars Piguet will provide strategic and financial support, managerial decisions, industrial activities, and commercial relationships will remain under the responsibility of Inhotec’s management team. This ensures that Inhotec can continue providing services to all its customers on an independent basis.
Commenting on the agreement, Eme said: “This partnership marks an important milestone in Inhotec’s history. Audemars Piguet’s investment is a strong vote of confidence in our team, our expertise, and our long-term potential. By joining forces, we are creating the conditions for Inhotec to continue innovating and serving the entire watchmaking industry.”
Lucas Raggi, Chief Industrial Officer at Audemars Piguet, stated: “This investment is built on shared values. It is about consolidating strategic key skills and supporting the continuity of an expertise that is essential to the future of Haute Horlogerie, not only for Audemars Piguet, but for the entire industry.”
The acquisition also forms part of a strategic response to challenges currently facing the Swiss watchmaking industry, including declining demand in the Chinese market and the recent increase in U.S. import duties. As an independent, family-owned brand since its founding in 1875, Audemars Piguet is accelerating initiatives that leverage the expertise and network it has built over 150 years, with a vision that encompasses not only its own growth but also the sustainable development of the industry as a whole.
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