Société Suisse Pour L'Industrie Horlogère
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Société Suisse Pour L'Industrie Horlogère
Société Suisse pour l'Industrie Horlogère (SSIH) is a former group of Swiss watchmakers comprising the brands Omega, Tissot and Lemania. History SSIH was created on February 24, 1930 in Geneva by Tissot and Omega, to be joined in 1932 by Lemania Watch Co and A. Lugrin Co in L'Orient ( Vallée de Joux). The company specialized in the manufacture of horological complications, enabling Omega to obtain the timing of the 1932 Olympic Games in Los Angeles. This was an important step for the development of Omega's important Sports' Watches segment with exclusive chronographs, such as the Omega Speedmaster. The merger agreement foresaw Omega's concentration on the luxury watch segment, whereas Tissot's mission was to concentrate on the medium price range segment. In 1983, SSIH and the Allgemeine Gesellschaft der schweizerischen Uhrenindustrie AG (ASUAG) the other most important Swiss Watch Group, were forced by their Swiss Banks to merge into a new holding company named Soc ...
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Omega SA
Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland. Founded by Louis Brandt in La Chaux-de-Fonds in 1848, the company formerly operated as ''Louis Brandt et Fils'' until incorporating the name ''Omega'' in 1903, becoming ''Louis Brandt et Frère-Omega Watch & Co.'' In 1984, the company officially changed its name to ''Omega SA'' and opened its museum in Biel/Bienne to the public. Omega is a subsidiary of the Swatch Group. Britain's Royal Flying Corps used Omega watches in 1917 for its combat units, followed by the U.S. Army in 1918, and NASA in 1969 for Apollo 11. The Omega Speedmaster, Omega Speedmaster Moonwatch is marketed as the first watch worn on the Moon, becoming one of the watchmaker's most iconic models. Omega is the current official timekeeper of the Olympic Games, Olympics, having first done so in 1932 Summer Olympics, 1932, in addition to being the timekeeper of the America's Cup yacht race. History Early history In 1848, Louis Brandt fou ...
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Allgemeine Gesellschaft Der Schweizerischen Uhrenindustrie AG
Allgemeine Schweizerische Uhrenindustrie AG (ASUAG; French: ''Société Générale de l'Horlogerie Suisse SA'') was the former biggest Swiss Watch Industry Group that had been created with the assistance of the Swiss Government and the Swiss Banks, as an answer to the crisis caused by the Great Depression, in 1931. In 1983, ASUAG and SSIH were forced by the Swiss Banks to merge into Société de Microélectronique et d'Horlogerie Société de Microélectronique et d'Horlogerie was the name of the holding company created by the merger enforced by the Swiss Banks in 1983 of the SSIH and ASUAG, renamed The Swatch Group in 1998. Ernst Thomke, previously CEO of Ebauches SA and ... (SMH), which now has been renamed Swatch Group. ASUAG grouped most of the movement parts & Ebauches manufacturers on one side, and through its sub-holding General Watch Co (GWC); many watch brands on the other side. Most of those companies are still active, integrated into the new conglomerate. During ...
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Holding Companies Established In 1930
Holding may refer to: Film and television * ''The Holding'' (film), 2011 British film * "Holding", an episode of the American animated television series ''Beavis and Butt-Head'' * ''Holding'' (TV series), a 2022 TV series based on the book by Graham Norton * '' The Miroslav Holding Co.'', 2001 Croatian film, also released as ''Holding'' Other uses * Holding an object with the hands, or grasping * ''Holding'', a novel by Graham Norton * Holding (aeronautics), a manoeuvre in aviation * Holding (American football), a common penalty in American football * Holding (law), the central determination in a judicial opinion * Holding (surname) * Holding company, a company that owns stock in other companies See also * * * Smallholding * Hold (other) * The Holding (other) * " Holdin'," a song by Diamond Rio * Hoarding * Possession (law) In law, possession is the exercise of dominion by a person over property to the exclusion of others. To possess something, ...
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Defunct Watchmaking Companies
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ...
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Ernst Thomke
Ernst Thomke (born 21 April 1939) is a Swiss physicist and watchmaker. Training first as a mechanic, he later acquired the Swiss federal maturity degree and pursued academic studies whilst in employment. Early life and education Thomke was born in Biel/Bienne in the canton of Bern, on the Franco-German linguistic border. He completed an apprenticeship as a mechanic at the factory of ETA SA in Grenchen, canton of Solothurn. Between 1961 and 1967, he studied natural sciences, mainly chemistry at the University of Bern and University of Lausanne. He then pursued medical studies in Bern while working full-time. He was promoted to doctor in 1975. He completed his education with management studies and marketing at the INSEAD, Fontainebleau. He worked in research from 1970 to 1977 for the British pharmaceutical group Beecham Group, Beecham, mainly at their Swiss laboratories, but also at the pharmacological institute of Gothenburg, Sweden. He was appointed head of marketing and region ...
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Swatch Group
The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The company was founded in 1983 through the merger of ASUAG and SSIH, moving to manufacturing quartz-crystal watches to resolve the quartz crisis threatening the traditional Swiss watchmaking industry. The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. The group owns the Swatch product line and other luxury brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot. History SSIH SSIH (Société Suisse pour l'Industrie Horlogère), originated in 1930 with the merger of the Omega and Tissot companies. Swiss watch quality was high, but new technology, such as the Hamilton Electric watch introduced in 1957 and the Bulova Accutron tuning fork watch in 1961, presaged increasing technological competition. In the late 1970s, SSIH became insolvent due in part to a reces ...
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Société De Microélectronique Et D'Horlogerie
Société de Microélectronique et d'Horlogerie was the name of the holding company created by the merger enforced by the Swiss Banks in 1983 of the SSIH and ASUAG, renamed The Swatch Group in 1998. Ernst Thomke, previously CEO of Ebauches SA and ETA SA, was appointed to head the newly established conglomerate as its first CEO. He held his position until 1991. When he resigned, the newly elected President of the Board, Nicolas G. Hayek, had already managed to become the only person of reference. References

{{DEFAULTSORT:Societe de Microelectronique et d'Horlogerie Defunct watchmaking companies Companies established in 1983 ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ...
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ASUAG
Allgemeine Schweizerische Uhrenindustrie AG (ASUAG; French: ''Société Générale de l'Horlogerie Suisse SA'') was the former biggest Swiss Watch Industry Group that had been created with the assistance of the Swiss Government and the Swiss Banks, as an answer to the crisis caused by the Great Depression, in 1931. In 1983, ASUAG and SSIH were forced by the Swiss Banks to merge into Société de Microélectronique et d'Horlogerie Société de Microélectronique et d'Horlogerie was the name of the holding company created by the merger enforced by the Swiss Banks in 1983 of the SSIH and ASUAG, renamed The Swatch Group in 1998. Ernst Thomke, previously CEO of Ebauches SA and ... (SMH), which now has been renamed Swatch Group. ASUAG grouped most of the movement parts & Ebauches manufacturers on one side, and through its sub-holding General Watch Co (GWC); many watch brands on the other side. Most of those companies are still active, integrated into the new conglomerate. During ...
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Omega Speedmaster
Omega Speedmaster is a line of chronograph Watch, wristwatches produced by Omega SA. While chronographs have existed since the late 1800s, Omega first introduced this line of chronographs in 1957. Since then, many different chronograph Movement (clockwork), movements have been marketed under the Speedmaster name. Astronaut Wally Schirra, Walter Schirra was the first person to wear one in space in 1962 during his Mercury-Atlas 8 mission. The manual winding Speedmaster Professional or "Moonwatch" is the best-known and longest-produced; it was worn during the first American Extravehicular activity, spacewalk as part of NASA's Gemini 4 mission, and was the first watch worn by an astronaut walking on the Moon during the Apollo 11 mission. The Speedmaster Professional remains one of several watches qualified by NASA for spaceflight, and is still the only one so qualified for Extravehicular activity, EVA. The Speedmaster line also includes other models, including Clock#Analog, analog-Di ...
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Tissot
Tissot SA () is a Swiss luxury watch brand owned by the Swatch Group. The company was founded in Le Locle, Switzerland by Charles-Félicien Tissot and his son, Charles-Émile Tissot, in 1853. Tissot is not associated with Mathey-Tissot, another Swiss watchmaking firm. History Independent company Tissot was founded in 1853 by Charles-Félicien Tissot and his son Charles-Émile Tissot in the Swiss city of Le Locle, in the Neuchâtel canton of the Jura Mountains area. The father and son team worked as a casemaker (Charles-Félicien Tissot) and watchmaker (Charles-Emile). His son having expressed an interest in watchmaking from a young age. The two turned their house at the time into a small 'factory'. Charles-Emile Tissot left for Russia in 1858 and succeeded in selling their savonnette pocket watches across the Russian Empire. Russia became Tissot's greatest market, with the brand gaining popularity even in the Tsar's court; so Charles Tissot, Charles-Émile's son, moved to ...
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Chronograph
A chronograph is a specific type of watch that is used as a stopwatch combined with a display watch. A basic chronograph has hour and minute hands on the main dial to tell the time, a small seconds hand to tell that the watch is running, and a seconds hand on the main dial usually equipped with a sweeping movement for precision accompanied by a minutes sub dial for the stopwatch. Another sub dial to measure the hours of the stopwatch may also be included on a chronograph. The stopwatch can be started, stopped, and reset to zero at any time by the user by operating pushers usually placed adjacent to the crown. More complex chronographs often use additional complications and can have multiple sub-dials to measure more aspects of the stopwatch such as fractions of a second as well as other helpful things such as the moon phase and the local 24-hour time. In addition, many modern chronographs include tachymeters on the bezels for rapid calculations of speed or distance. Louis M ...
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