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  Swiss Watch News 2006  
A Genuine Manufacture
(August 30, 2006)

Pascal Raffy

 After getting back to its roots on February 6, 2006, with the acquisition of the "Château de Môtiers" in the Val-de-Travers, Pascal Raffy has accelerated the plan of development for Bovet even further by acquiring STT Complications SA (ex Progress Watch, production and development of tourbillons), STT Mechanical Movements SA (calibres), STT Spir-it (spirals), as well as Aigat (stamping) and STT Watch U Licence (brevets). He thus ensures Bovet its future supply and full autonomy in terms of manufactured movements.

The companies of STT holding acquired by Bovet are regrouping more than 70 highly skilled employees. They are gathered under the same banner and roof in Tramelan with the new appellation Dimier 1738, a name belonging to the Bovet patrimony.

Pascal Raffy is saying: "As a client of these companies since 2004, I knew very well the quality of their products and it was a unique opportunity to enter the very close circle of genuine manufactures. It was also a way to guarantee our total autonomy in terms of supply of manufactured movements, answering not only the highest criteria but guaranteeing a vertical growth of our production, indispensable for an ambitious and prestigious watch company. I will assume the development of manufacturing, focussing on the highest quality of products, but in keeping a limited production in terms of volume. Excellence, exclusivity and respect of delivery terms are for me essential preoccupations."

With Dimier, Bovet transforms itself into a manufacture to secure a vertical growth of its production. Its main task will be the creation of the exclusive Bovet movement, a high watchmaking calibre that will be presented in 2008. Nonetheless, Dimier 1738 will not overturn everything and will continue to manufacture tourbillons and other movements for its existing clients.

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Last update : August 30, 2006