ETA SA
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Native name
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ETA SA Manufacture Horlogère Suisse |
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| Private (subsidiary of The Swatch Group Ltd.) | |
| Industry |
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| Predecessor | Ebauches SA |
| Founded | Grenchen, Switzerland 1856 |
| Founder |
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| Headquarters | Grenchen, Solothurn, Switzerland |
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Key people
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Pierre-André Bühler, President |
| Products | ETA 2824-2 movement Valjoux 7750 movement and ETA 2892 movement |
| Parent | The Swatch Group Ltd. |
| Website | eta |
ETA SA Manufacture Horlogère Suisse (ETA SA Swiss Watch Manufacturer) designs and manufactures quartz watches and both hand-wound and automatic-winding mechanical ébauches and movements. Commonly referred to as ETA, the company is headquartered in Grenchen, Switzerland and is a wholly owned subsidiary of The Swatch Group Ltd.
Though ETA was founded by Eterna in 1856 some part of its production line can be traced back to the 1793 founding of Fabriques d’Horlogerie de Fontainemelon (FHF) by David Benguerel, Isaac Benguerel, François Humbert-Droz and Julien Humbert-Droz.
Although ETA specializes in ébauches, ETA is capable of making all components necessary for a completed watch and is therefore considered a manufacture d'horlogerie. ETA movements and ébauches are used both in watches of other Swatch Group subsidiary brands and in the watches of competitors.
Through a series of mergers, ETA has become the largest manufacturer of Swiss watch movements and controls a virtual monopoly over their production and supply. ETA has undergone several Swiss government investigations due to its market position. To resolve the concerns of Swiss government regulators, ETA has entered into an agreement that governs certain business practices.
ETA designs and manufactures mechanical and automatic watches, watch movements and watch ébauches. ETA is headquartered in Grenchen, Switzerland and is a wholly owned subsidiary of The Swatch Group Ltd. Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S.A. and others. With the exception of hairsprings manufactured by sister company Nivarox, ETA maintains vertical control over the manufacturing of all of the components required to create a watch movement and therefore is considered a true manufacture d'horlogerie.
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Wikipedia