With Argor-Heraeus, Erbas ends its long search for a partner capable of continuing the company’s successful path, as well as ensuring greater access to global markets. The choice was driven by the desire to go beyond a mere economic transaction, in order to ensure the continuation of quality and development while maintaining the beating heart of its business in Ticino.
The two companies complement each other: they work in different stages of the manufacturing process, and often for the same customers. Therefore, clients will be able to count on the same great wealth of skills and abilities as before but now through a single partner. The journey towards integration will begin in the coming weeks.
The agreement represents an additional step forward regarding the traceability of the end product – a crucial aspect in a sector where the simplification of the supply chain ensures even greater direct control over materials, from origin to the end customer.
The bond between Argor-Heraeus and Erbas consolidates Ticino’s role in watchmaking, a sector worth nearly half a billion francs in our canton and responsible for 30 percent of national production. A big player with more than 400 total employees will keep expertise and decision-making centers in our latitudes, laying the foundations for the future of two entities that have been intertwining their growth path with the economic and social development of Canton Ticino for nearly 150 years.
With this move, the Heraeus Group confirms its desire to have Switzerland as a global hub for the luxury watchmaking and jewellery sector”, Steffen Voss concludes.