DKSH has sold the Swiss watch case manufacturer Queloz SA to Cendres+Métaux Group as part of its strategy to restructure its luxury goods business.
Information on the Target
Queloz SA, founded in 1939 and based in Saignelégier, Switzerland, is a specialized manufacturer known for producing and refining watch cases tailored for the luxury segment. Over the years, the company has built a reputation for its expertise in crafting products for small, medium-sized, and complex collections. In its most recent financial year, Queloz generated sales of approximately ten million Swiss francs. The company, which currently employs 30 staff members, will transition to the ownership of Cendres+Métaux Group, ensuring continuity for both employees and operations.
Prior to this transaction, Queloz underwent several changes in ownership, being sold originally to the Zurich-based trading house Desco von Schulthess in 1989, and then acquired by DKSH in 2011. Under DKSH's guidance, Queloz expanded its operations, contributing to the company’s established presence in the luxury watch case manufacturing market.
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Industry Overview in Switzerland
Switzerland is recognized as a global hub for the luxury watch industry, renowned for its craftsmanship, innovation, and quality. The Swiss watch sector has a significant economic impact, generating billions of francs in revenue annual
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Cendres+ Métaux Group
invested in
Queloz SA
in 2018
in a Other deal
Disclosed details
Revenue: $10M