Description
ETA designs and manufactures mechanical and automatic watches, watch movements and watch ébauches. ETA is headquartered in Grenchen, Switzerland and is a wholly owned subsidiary of The Swatch Group Ltd. Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S.A. and others. With the exception of hairsprings manufactured by sister company Nivarox, ETA maintains vertical control over the manufacturing of all of the components required to create a watch movement and therefore is considered a true manufacture d'horlogerie.
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