Waltham International SA
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| Private | |
| Industry | Watch Manufacturing |
| Founded | 1850 (as Boston Watch Company) |
| Founder | Aaron L. Dennison / Edward Howard |
| Headquarters | Marin-Epagnier, Switzerland |
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Key people
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Antonio DiBenedetto, Chairman |
| Products | Luxury Watches |
| Website | waltham.ch |
Waltham International SA is a Swiss luxury watchmaker based in Marin-Epagnier/Neuchâtel, Switzerland. It is one of the oldest watch making companies in the world, heir and owner of the legendary Waltham brand. It was founded in 1954 in Lausanne, Switzerland by the American Waltham Watch Company to provide necessary watch and movement parts which were not readily available in the USA.
In 1850, at Roxbury, Massachusetts, David Davis, Edward Howard, and Aaron Lufkin Dennison formed the company that would later become the Waltham Watch Company. Their revolutionary business plan was to manufacture the movement parts of watches so precisely that they would become fully interchangeable. Based upon the experience of earlier failed trials, Howard and Dennison eventually perfected and patented their precision watch making machines, creating what has been called the American System of Watch Manufacturing. In 1854 the new plant built on the banks of the Charles River in Waltham, Massachusetts, was ready to operate.
Waltham International SA was founded as subsidiary in Switzerland in 1954, and continued to produce mechanical wrist watches and mechanical pocket watches under the "Waltham" brand. In 1976, the 40% share capital of the company were acquired by Heiwado&Co., a Japanese company that, in 1981, acquired the total majority, manufacturing and distributing Waltham Swiss Made watches in the higher end of the luxury Japanese watch market.
In 2011 the control of Waltham International SA was acquired by Antonio DiBenedetto, the current President and CEO. With a vast experience in the world of luxury and jewelry gained at his company Tanagro Corp., New York, USA, and a passion for watches, he desires to bring the Waltham brand back to the western markets and to glory of its past. The company was completely reorganized, and new commercial offices were opened in Milan, Italy and in New York, USA and the new Aungular Aeronaval Collection was presented in USA at the end of June 2014.
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Wikipedia