Progress Watch Corp - PROW - continues it's expansion: acquisition of 2 companies and establishing of 2 new enterprises.Business Editors BIEL--(BUSINESS WIRE)--Oct. 2, 2000 In acquiring 2 well established companies and setting up two more enterprises Progress Watch continues to expand its operations With the recent step Progress Watch has built a basis not only for a highly flexible and productive manufacture but moreover a center of competence in the mechanical watch industry. Following the company's strategy to build and establish a leading position in research & development in context with state of art production facilities, Progress Watch has acquired the following companies: According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the press release dated 25 August 2000: Aigat SA, La Neuveville La Neuveville is a municipality in the district of La Neuveville in the canton of Bern in Switzerland, located in the French-speaking Bernese Jura ( / Claude Lehnherr SA, La Chaux-de-Fonds La Chaux-de-Fonds is the capital of the district of La Chaux-de-Fonds in the canton of Neuchâtel in Switzerland. , 26 employees, manufacturing high accuracy punched metal parts for the Swiss watch industry, as well as the electronics and other industries. According to the press release dated 22 September 2000: UF Microtechnique SA, Le Locle Le Locle is a municipality in the district of Le Locle in the canton of Neuchâtel in Switzerland. , 20 employees, specialized in microtechnology Microtechnology is technology with features near one micrometre (one millionth of a metre, or 10-6 metre, or 1μm). In the 1960s, scientists learned that by arraying large numbers of microscopic transistors on a single chip, microelectronic circuits could be . Realisation and technical design of microtechnical pieces. New acquisition: Ind'M SA, Fontaines, 10 employees, research and development of quartz movements and high-quality mechanical watch movements. New acquisition: Conseilray SA, La Chaux-de-Fonds, 8 employees, engineering in the field of microtechnology for timepieces and additional features of mechanical watch movements. New established: Progress Watch Asia Ltd., Hong Kong, sales and after-sales service on the Asian market. New established: Spir-it AG, Biel, manufacturer of hairsprings, i.e. regulatory springs, the key element for chronometric chro·nom·e·ter n. An exceptionally precise timepiece. chron  o·met precision of mechanical watch movements. The new group of companies significantly increases Progress Watch capabilities and capacities in innovation and production and will enable the company to launch further innovations such as a new generation of mechanical watch movements and highly individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. products which have not been available until today. |
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