The Swiss watchmaking industry has taken another decisive step towards consolidation, with Audemars Piguet confirming its acquisition of a majority stake in precision engineering specialist Inhotec SA on 13 August 2025. Far from a routine transaction, the move underscores a strategic commitment to safeguarding Switzerland’s most advanced manufacturing capabilities.
The partnership formalises a longstanding relationship between the two firms. From its base in Le Brassus, Audemars Piguet has invested in a supplier renowned for its micromechanical mastery and precision machining expertise. Beyond commercial synergies, the acquisition reflects a broader imperative to preserve Switzerland’s industrial sovereignty and protect the specialist skills that form the bedrock of haute horology.
A Strategic Preservation of Expertise
The acquisition secures Audemars Piguet’s access to precision machining capabilities that are increasingly rare in the industry. Inhotec SA’s decades of micromechanical expertise remain indispensable for producing the intricate components that define the highest tiers of watchmaking.
Under the terms of the deal, Alexandre Eme, founder and CEO of Inhotec SA, retains a significant minority stake and will continue to lead the company. In his dual role as CEO and Chairman of the Board, Eme will maintain direct oversight of strategic decisions, ensuring operational continuity and the preservation of the firm’s established working methods.
The structure reflects a deliberate balance between investment and independence. Rather than pursuing full integration, Audemars Piguet has chosen to safeguard Inhotec’s identity while providing the financial resources needed to fuel its future development.
Maintaining Operational Independence
Despite the ownership change, Inhotec SA continues operating under its own name and serving its existing client base. The company retains full autonomy over managerial decisions, industrial activities, and commercial relationships. This approach ensures minimal disruption to current operations whilst allowing the firm to expand its capabilities.
The arrangement benefits both parties significantly. Audemars Piguet gains access to specialised manufacturing capabilities without the complexity of full integration. Meanwhile, Inhotec receives strategic and financial support that positions the company for long-term growth.
“This investment ensures the future of a precision expertise that contributes to the excellence of Swiss Haute Horology. We are proud to support Inhotec’s continued success while contributing to the vitality of the ecosystem as a whole,” Lucas Raggi, Chief Industrial Officer at Audemars Piguet
Strengthening Swiss Manufacturing
The investment speaks to a wider concern over preserving Switzerland’s standing in precision manufacturing. As global competition intensifies, uninterrupted access to specialist suppliers has become a critical factor for the nation’s watchmakers. This partnership secures the continuity of micromechanical expertise within Switzerland’s borders.
Audemars Piguet’s approach illustrates how heritage manufacturers can reinforce their supply chains without eroding supplier autonomy. The brand continues to cultivate relationships with a diverse network of partners, offering strategic support where necessary while avoiding overreach.
For Inhotec, the structure ensures it will continue serving its full portfolio of watch brands. This multi-client model not only preserves competitive dynamics within the Swiss watchmaking ecosystem but also ensures the company’s expertise remains a shared asset across the industry.
“This partnership marks an important milestone in Inhotec’s history. Audemars Piguet’s investment is a strong vote of confidence in our team, our expertise, and our long-term potential. By joining forces, we are creating the conditions for Inhotec to continue innovating and serving the entire watchmaking industry.” Alexandre Eme, Founder and CEO of Inhotec
As the industry evolves, partnerships like this demonstrate how established manufacturers can support critical suppliers whilst preserving the diversity that characterises Switzerland’s horological ecosystem.