With the sale of the watch case manufacturer Queloz to the Cendres+ Métaux Group, DKSH continues the successful restructuring of its luxury goods business. Queloz remains in Swiss hands.
Media release
Zurich, Switzerland, November 1, 2018 – DKSH, the leading Market Expansion Services provider with a focus on Asia, transfers the Saignelégier-based Queloz SA to the Swiss Cendres+Métaux Group in Biel. Both parties have agreed not to disclose the purchase price.
Founded in 1939 in Saignelégier, the company was sold in 1989 to the Zurich-based trading house Desco von Schulthess. In 2011, the DKSH Group acquired Queloz SA. As a specialized manufacturer, Queloz produces and refines watch cases for small, medium-sized and complex collections for the upscale segment. Last year, the company generated sales of around ten million Swiss francs. All 30 employees will be transferred to Cendres+Métaux and further investments will be made in the Saignelégier site.
With an increased focus on its core business, DKSH had decided to restructure its luxury goods business in a sustainable way. The transaction underlines this increased emphasis of DKSH as the leading Market Expansion Services provider with a focus on Asia.
The Cendres+Métaux Group is based in Biel and the majority of its shares are privately held. With around 350 employees at its Swiss sites in Biel and La Chaux-de-Fonds, the company is active in the fields of dental, medical, watches and refining. In its Luxury & Industry division, Cendres+Métaux sells semi-finished and finished products made of high-quality materials.
With the sale, DKSH continues the restructuring of its luxury goods business. The transfer to an experienced owner ensures that the company remains in Swiss hands.
For further information, please contact:
DKSH Holding Ltd.
Till Leisner
Head, Group Investor & Media Relations
Phone +41 44 386 7315
till.leisner@dksh.com
Dominique Nadelhofer
Senior Manager, Group Media Relations
Phone +41 44 386 7228
dominique.nadelhofer@dksh.com
About DKSH Group
DKSH is the leading Market Expansion Services provider with a focus on Asia. As the term "Market Expansion Services" suggests, DKSH helps other companies and brands to grow their business in new or existing markets. Publicly listed on the SIX Swiss Exchange since 2012, DKSH is a global company headquartered in Zurich. With 825 business locations in 37 markets – 800 of them in Asia – and 31,970 specialized staff, DKSH generated net sales of CHF 11.0 billion in 2017. DKSH was founded in 1865. With strong Swiss heritage, the company has a long tradition of doing business in and with Asia and is deeply rooted in communities and businesses across Asia Pacific.