LVMH Moët Hennessy Louis Vuitton acquired all shares of ArteCad SA, a manufacturer of Swiss watch dials. The transaction will enable LVMH to further reinforce its industrial integration in watch-making and its independence in the strategic area of watch dials. LVMH already produces mechanical movements as well as cases, dials and bracelets.ArteCad currently employs 215 at its main facility located at Tramelan, Switzerland, and manufactures more than 350,000 watch dials a year. The company supplies LVMH brands and others, which it will continue to do. Since 2004, ArteCad has been owned and managed by Philippe Hubbard and Christophe Gouthier, both of whom will continue to serve as co-directors.
-Rapaport
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